OFFER DOCUMENT - KHD Humboldt Wedag

Transcription

[Translation of the German Offer Document – for convenience purposes only]
OFFER DOCUMENT
Voluntary public takeover offer for purchasing securities
pursuant to Sections 29 et seqq. of the German Securities Acquisition and Takeover Act
(cash offer)
by
AVIC International Engineering Holdings Pte. Ltd.
10 Collyer Quay # 27-00
Ocean Financial Centre
Singapore (049315)
and
Europe Project Management Pte. Ltd.
10 Collyer Quay #27-00
Singapore (049315)
and
Europe Technology Investment Pte. Ltd.
Singapore (049315)
and
Europe Engineering Holdings Pte. Ltd.
Singapore (049315)
to the shareholders of
KHD Humboldt Wedag International AG
Colonia-Allee 3, 51067 Cologne, Germany
to acquire all no-par value ordinary bearer shares in
KHD Humboldt Wedag International AG
against a cash payment in the amount of
EUR 6.45 per share
Acceptance period: from 21 November 2013 to 19 December 2013, 24:00
KHD Shares: ISIN DE0006578008 (WKN 657800)
Tendered KHD Shares: ISIN DE000A1YDES4 (WKN A1Y DES)
Subsequently tendered KHD Shares: ISIN DE000A1YDET2 (WKN A1Y DET)
Mandatory publication pursuant to Sections 34 and 14, para. 2 and 3 of the German Securities
Acquisition and Takeover Act (WpÜG).
No further documents form part of the Offer Document.
Shareholders of KHD Humboldt Wedag International AG, in particular those who have residence,
registered office or customary abode outside of the Federal Republic of Germany should pay
particular attention to the statements under Sections 1.4 and 1.5 of this Offer Document.
1
CONTENTS
CLAUSE
1.
1.1
1.2
1.3
1.4
1.5
2.
2.1
2.2
2.3
2.4
3.
4.
4.1
4.2
4.3
4.4
4.5
5.
5.1
5.2
5.3
5.4
5.5
5.6
5.7
5.8
5.9
6.
6.1
6.2
6.3
6.4
6.5
6.6
7.
8.
8.1
8.2
8.3
8.4
8.5
8.6
8.7
8.8
9.
9.1
9.2
PAGE
GENERAL INFORMATION ...........................................................................................5
Legal basis of the Takeover Offer ...............................................................................5
Publication of the decision to launch the Takeover Offer ................................................6
Review of the Offer Document by the German Federal Financial Supervisory Authority .....6
Publication and distribution of the Offer Document .......................................................6
Acceptance of the Offer outside of the Federal Republic of Germany ...............................7
INFORMATION REGARDING THE STATEMENTS CONTAINED IN THIS OFFER DOCUMENT ...7
General...................................................................................................................7
Status and sources of the information contained in the Offer Document ..........................7
Forward-looking statements and intentions .................................................................8
No updates..............................................................................................................8
SUMMARY OF THE TAKEOVER OFFER ..........................................................................8
TAKEOVER OFFER .................................................................................................. 11
Subject Matter of the Takeover Offer ........................................................................ 11
Offer Price............................................................................................................. 12
Start and End of the Acceptance Period..................................................................... 12
Possible Extension of the Acceptance Period .............................................................. 12
Additional Acceptance Period pursuant to Section 16, para. 2 WpüG ............................. 13
DESCRIPTION OF THE BIDDERS AND PERSONS ACTING IN CONCERT WITH THE BIDDERS13
Legal basis and capital structure of the Bidders.......................................................... 13
Corporate structure of the Bidders............................................................................ 15
Background information on the Bidders..................................................................... 17
Share Purchase Agreements .................................................................................... 18
Voting Agreement .................................................................................................. 19
Option Agreements ................................................................................................ 19
Persons Acting in Concert with the Bidders ................................................................ 20
Shares currently held by the Bidders or Persons Acting in Concert with the Bidders or their
subsidiaries; Attribution of voting rights.................................................................... 20
Information about securities transactions .................................................................. 21
DESCRIPTION OF THE TARGET ................................................................................ 21
Legal basis and capital structure .............................................................................. 21
Business activities .................................................................................................. 23
Selected financial figures......................................................................................... 24
Corporate bodies.................................................................................................... 24
Persons acting in concert with the Target .................................................................. 24
Indication of the opinion of the management board and the supervisory board of KHD on
the Takeover Offer ................................................................................................. 25
BACKGROUND OF THE OFFER .................................................................................. 25
INTENTIONS OF THE BIDDERS AND OF THE FURTHER ACQUIRERS OF CONTROL IN
RESPECT OF THE FUTURE OF KHD AND THE BIDDERS ................................................ 25
Future business activity of KHD................................................................................ 25
Registered office of KHD; Location of significant business divisions............................... 26
Employees, employee representation and employment conditions ................................ 26
Management board and supervisory board of KHD ..................................................... 26
Structural changes and other important measures...................................................... 26
Future use of KHD's assets ...................................................................................... 26
Future obligations of KHD........................................................................................ 26
Details of the intentions relating to the future of the Bidders as well as Goldimax, Golden
Prosperity, Kaihang, Kairong, AVIC Beijing, AVIC International, AVIC Holding, AVIC
Shenzhen and AVIC................................................................................................ 27
CONSIDERATION ................................................................................................... 27
Type and amount of consideration offered ................................................................. 27
No applicability of Section 33b WpÜG ....................................................................... 29
2
9.3
10.
10.1
10.2
10.3
11.
11.1
11.2
11.3
11.4
12.
12.1
12.2
12.3
12.4
13.
13.1
13.2
13.3
13.4
13.5
13.6
13.7
13.8
13.9
13.10
13.11
13.12
13.13
14.
14.1
14.2
14.3
15.
15.1
15.2
15.3
15.4
16.
17.
18.
19.
20.
21.
Cash payments or other cash-equivalent benefits for management board and supervisory
board members of KHD and potential conflicts of interest............................................ 29
FINANCING THE TAKEOVER OFFER........................................................................... 29
Transaction volume ................................................................................................ 29
Financing measures................................................................................................ 29
Confirmation of financing ........................................................................................ 30
INFORMATION REGARDING OFFICIAL APPROVALS AND PROCEEDINGS IN CONNECTION
WITH THE ACQUISITION OF THE SECURITIES OF KHD ............................................... 31
Merger control ....................................................................................................... 31
Clearance under the German Foreign Trade Regulation ............................................... 31
Requirements under HKSE Listing Rules.................................................................... 31
Approval of Publication of this Offer Document........................................................... 32
OFFER CONDITION................................................................................................. 32
Offer Condition ...................................................................................................... 32
Waiver of Offer Condition ........................................................................................ 32
Non-fulfilment of the Offer Condition ........................................................................ 33
Publication of satisfaction or non-satisfaction of the Offer Condition.............................. 33
ACCEPTANCE AND SETTLEMENT OF THE TAKEOVER OFFER ......................................... 33
Central settlement agent......................................................................................... 33
Measures for the acceptance of the Offer and re-booking ............................................ 33
Further declarations and warranties of KHD Shareholders in connection with the
acceptance of the Offer........................................................................................... 34
Legal consequences of acceptance ........................................................................... 35
Settlement of the Offer during the Acceptance Period and receipt of consideration ......... 36
Acceptance of the Offer within a Possibly Extended Acceptance Period .......................... 36
Acceptance of the Offer within the Additional Acceptance Period .................................. 36
Costs and Charges ................................................................................................. 37
Stock exchange trading with Tendered and Subsequently Tendered KHD Shares............ 37
Right to Withdraw .................................................................................................. 38
Unwinding in the event of non-satisfaction of the Offer Condition ................................. 38
Acquisition of KHD Shares outside of the Takeover Offer and publication obligation ........ 38
Storing of documents ............................................................................................. 38
EXPECTED CONSEQUENCES OF A SUCCESSFUL OFFER ON THE ASSETS, FINANCIAL AND
EARNINGS POSITION OF THE BIDDERS AND OF THE AVIC INTERNATIONAL GROUP ....... 38
Status quo, Assumptions, Information ...................................................................... 38
Expected effects on the assets, financial and earnings position of the Bidders................ 41
AVIC International Group ........................................................................................ 51
POSSIBLE CONSEQUENCES FOR KHD SHAREHOLDERS WHICH DO NOT ACCEPT THE
OFFER .................................................................................................................. 54
Reduced Liquidity of the KHD Shares ........................................................................ 54
Stock exchange price.............................................................................................. 54
Structural and other important measures .................................................................. 54
Right to Tender...................................................................................................... 57
RIGHT OF WITHDRAWAL AND REVERSE SETTLEMENT................................................. 57
PUBLICATIONS ...................................................................................................... 58
FINANCIAL ADVISER/ASSISTING BANK .................................................................... 58
TAXES .................................................................................................................. 58
APPLICABLE LAW AND PLACE OF JURISDICTION ........................................................ 58
ASSUMPTION OF RESPONSIBILITY FOR THE OFFER DOCUMENT................................... 59
3
SCHEDULES
SCHEDULE 1
SCHEDULE 2
SCHEDULE
SCHEDULE
SCHEDULE
SCHEDULE
SCHEDULE
3
4
5
6
7
Shareholder structure of the Bidders
Persons Acting in Concert with the Bidders in relation to which the Bidders are
direct or indirect subsidiaries
Persons Acting in Concert with the Bidders which are subsidiaries of the PRC
Group structure of KHD
Persons acting in concert with the Target
Confirmation of financing
Defined terms
4
1.
GENERAL INFORMATION
1.1
Legal basis of the Takeover Offer
The takeover offer (the "Offer" or the "Takeover Offer") contained in this offer document
(the "Offer Document") by AVIC International Engineering Holdings Pte. Ltd. with registered
office in Singapore, 10 Collyer Quay # 27-00, Ocean Financial Centre, Singapore (049315),
registered with the Accounting and Corporate Regulatory Authority ("ACRA") in Singapore
under registration number 201311037D ("AVIC Engineering"), Europe Project Management
Pte. Ltd. with registered office in Singapore, 10 Collyer Quay # 27-00, Ocean Financial Centre,
Singapore (049315), registered with ACRA in Singapore under registration number
201324956R ("Europe Project Management"), Europe Technology Investment Pte. Ltd.
with registered office in Singapore, 10 Collyer Quay # 27-00, Ocean Financial Centre,
Singapore (049315), registered with ACRA in Singapore under registration number
201324950K ("Europe Technology") and Europe Engineering Holdings Pte. Ltd. with
registered office in Singapore, 10 Collyer Quay # 27-00, Ocean Financial Centre, Singapore
(049315), registered with ACRA in Singapore under registration number 2013314627G
("Europe Engineering") (AVIC Engineering, Europe Project Management, Europe Technology
and Europe Engineering, together the "Bidders" and each individually the "Bidder") is a
voluntary public takeover offer within the meaning of Section 29, para. 1 of the German
Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz)
("WpÜG") to the shareholders of KHD Humboldt Wedag International AG with registered
office in Cologne, Colonia-Allee 3, 51067 Cologne, Germany, registered in the commercial
register of the local court of Cologne under HRB 36688 ("KHD" or "Target" and together
with its subsidiaries consolidated in the consolidated financial statements of KHD as at
31 December 2012 also referred to as the "KHD Group").
The Bidders do not act together in the form of a partnership (and in particular not in the form
of a partnership organised under the German Civil Code (Gesellschaft bürgerlichen Rechts))
but as joint bidders (Bietergemeinschaft) within the meaning of Section 2 para. 4 WpÜG.
Therefore, each of the Bidders is in each case a bidder within the meaning of Section 2 para. 4
WpÜG.
The Offer refers to the acquisition of all no-par value ordinary bearer shares in KHD (together
the "KHD Shares" and individually a "KHD Share") for a purchase price in cash of EUR 6.45
per KHD Share. This Offer is addressed to all holders of KHD Shares (together the "KHD
Shareholders" and individually a "KHD Shareholder"). This Offer can be accepted in
accordance with the terms and conditions set out in this Offer Document.
The Takeover Offer is made exclusively under the laws of the Federal Republic of Germany, in
particular under the WpÜG and the Regulation on the Content of the Offer Document,
Consideration for Takeover Offers and Mandatory Offers and the Release from the Obligation
to Publish and Issue an Offer (Verordnung über den Inhalt der Angebotsunterlage, die
Gegenleistung bei Übernahmeangeboten und Pflichtangeboten und die Befreiung von der
Verpflichtung zur Veröffentlichung und zur Abgabe eines Angebots) ("WpÜG Offer
Regulation"). The Takeover Offer is not made or executed in accordance with the provisions
of other jurisdictions (in particular of the United States of America ("USA"), Japan, Australia
and Canada). Thus, except for the merger control clearance procedure before the Turkish
competition authority and the approvals of The Stock Exchange of Hong Kong Limited
("HKSE") described in more detail in Section 11, no other announcements, registrations,
admissions or approvals of the Takeover Offer outside of the Federal Republic of Germany
have been filed, arranged for or granted. The KHD Shareholders cannot refer to provisions for
the protection of investors of jurisdictions other than those of the Federal Republic of
Germany. Any agreement that is concluded on the basis of the acceptance of this Takeover
5
HONGKONG\JWW\1133255.01
Offer will be exclusively governed by the laws of the Federal Republic of Germany and shall be
interpreted in accordance with them.
During the period of the Takeover Offer, the Bidders can acquire or execute corresponding
acquisition agreements for KHD Shares in a manner other than as part of the Takeover Offer
on the stock exchange or over-the-counter insofar as this takes place in accordance with the
applicable German legal provisions, in particular the WpÜG. To the extent that the Bidders
have an obligation under German law, information regarding such acquisitions or acquisition
agreements will be published pursuant to Section 23 para. 2 in connection with Section 14
para. 3 sentence 1 WpÜG in Germany in the Federal Gazette and on the internet at
www.avicgo1.de.
1.2
Publication of the decision to launch the Takeover Offer
The Bidders published their decision to launch this Offer pursuant to Section 10, para. 1,
sentence 1 WpÜG on 11 October 2013 ("Initial Publication"). On 18 October 2013, the
Bidders published a correction of the Initial Publication with regard to one of the conditions
precedent to the Offer envisaged at that time ("Correction Notice") (see Section 11.3). The
Initial Publication and the Correction Notice are available on the internet at www.avicgo1.de.
1.3
Review of the Offer Document by the German Federal Financial Supervisory Authority
The
German
Federal
Financial
Supervisory
Authority
(Bundesanstalt
für
Finanzdienstleistungsaufsicht) ("BaFin") reviewed the Offer Document according to German
law and approved its publication on 20 November 2013. No other documents form part of the
Takeover Offer. Registrations, admissions or approvals of this Offer Document and/or this
Offer under any laws other than those of the Federal Republic of Germany have so far not
been made and are not intended.
1.4
Publication and distribution of the Offer Document
This Offer Document will be published in accordance with Section 34 and Section 14, para. 2
and 3 WpÜG on 21 November 2013 (i) by publication on the internet (www.avicgo1.de) as
well as (ii) by keeping copies of this Offer Document available in German and as a non-binding
English translation which has not been reviewed or approved by BaFin, for distribution free of
charge at Bankhaus Neelmeyer AG, Am Markt 14–16, 28195 Bremen, Germany ("Bankhaus
Neelmeyer"), Fax: +49 421 3603-153. The announcement of (i) the internet address under
which the Offer Document is published and (ii) the availability of the Offer Document for
distribution free of charge at Bankhaus Neelmeyer will also be published pursuant to
Section 14, para. 3, sentence 1, no. 2 WpÜG in the Federal Gazette (Bundesanzeiger) on
21 November 2013.
The publication, sending, distribution or dissemination of this Offer Document outside of the
Federal Republic of Germany may fall under the scope of legal provisions of jurisdictions other
than those of the Federal Republic of Germany in which the publication, sending, distribution
or dissemination of the Offer Document are subject to legal restrictions. Therefore, this Offer
Document may not be sent by third parties to other countries or be published, distributed, or
disseminated in other countries (in particular, the USA, Australia, Japan or Canada or within
the USA, Australia, Japan or Canada) if and to the extent that such sending, publication,
distribution, or dissemination violates applicable laws or depends on observing official
procedures or the granting of approval or the satisfaction of additional conditions and these
have not been observed, granted or satisfied.
The Bidders have not approved the publication, sending, distribution or dissemination of the
Offer Document by third parties outside of the Federal Republic of Germany. Neither the
6
Bidders nor persons acting in concert with the Bidders within the meaning of Section 2 para. 5
sentence 1 and sentence 3 WpÜG (the "Persons Acting in Concert") are in any way
responsible for the compliance of the publication, sending, distribution or dissemination of the
Offer Document outside of the Federal Republic of Germany with the legal provisions of
jurisdictions other than those of the Federal Republic of Germany.
The Bidders will provide the Offer Document to custodian banks or other investment services
firms at which KHD Shares are kept (together the "Custodian Banks" and each individually a
"Custodian Bank") upon request to be sent to KHD Shareholders with residence, registered
office, or customary abode in the Federal Republic of Germany. The Custodian Banks may not
otherwise publish, send, distribute or disseminate the Offer Document unless this takes place
in accordance with all applicable domestic and foreign legal provisions. Neither the Bidders nor
Persons Acting in Concert with the Bidders are in any way responsible for the compliance of
the publication, sending, distribution or dissemination of the Offer Document outside of the
Federal Republic of Germany with the legal provisions of jurisdictions other than those of the
Federal Republic of Germany.
1.5
Acceptance of the Offer outside of the Federal Republic of Germany
The Offer can be equally accepted by KHD Shareholders which have their residence, registered
office or customary abode in Germany and KHD Shareholders which have their residence,
registered office or customary abode outside of the Federal Republic of Germany (the
"Foreign KHD Shareholders") pursuant to the Offer Document and the legal provisions
applicable in each case. Nonetheless, the Bidders indicate that acceptance of the Offer outside
of the Federal Republic of Germany may be subject to legal restrictions. KHD Shareholders
which want to accept the Takeover Offer outside of the Federal Republic of Germany and/or
are subject to jurisdictions other than the Federal Republic of Germany are recommended to
inform themselves of the applicable legal provisions and their restrictions as well as to observe
them. The Bidders and the Persons Acting in Concert with the Bidders do not guarantee that
acceptance of the Offer outside of the Federal Republic of Germany is permitted and possible
under the laws applicable in each case.
2.
INFORMATION
DOCUMENT
2.1
General
REGARDING
THE
STATEMENTS
CONTAINED
IN
THIS
OFFER
References to time in the Offer Document refer to local time in Frankfurt am Main, Germany,
unless expressly stated otherwise.
References to a "Banking Day" refer to a day on which (i) the banks in Frankfurt am Main,
Germany are open for settling transactions of the kind envisaged in the Offer and (ii) the
Trans-European Automated Real-time Gross Settlement Express Transfer System ("Target2")
(or another comparable system) is functioning.
2.2
Status and sources of the information contained in the Offer Document
All information, statements, opinions, intentions, forecasts and forward-looking statements
contained in this Offer Document are based, unless expressly otherwise noted, on the
information and plans known to the Bidders on the date of publication of this Offer Document
and certain assumptions of the Bidders at that time. These assumptions are subject to
forecast uncertainty and other risks and may therefore prove to be incorrect in retrospect.
All information relating to KHD or KHD Group, unless expressly noted otherwise, is based on
generally accessible information sources. In particular, the consolidated financial statements
7
of KHD as at 31 December 2012 for the financial year 2012 and the consolidated interim
financial report of KHD as at 30 September 2013, available and published on KHD's website
(www.khd.com) under the heading "Investor Relations" were used as the basis for preparing
this Offer Document. Such information has not been verified separately by the Bidders and
may have already been superseded upon publication of this Offer Document.
2.3
Forward-looking statements and intentions
The Offer Document contains specific forward-looking statements. These statements do not
represent facts and are characterised by words such as "expect", "believe", "estimate",
"intend", "aim", "assume" or similar expressions. Such statements express the intentions,
opinions or current expectations of the Bidders and the Persons Acting in Concert with the
Bidders with respect to possible future events, e.g. regarding possible consequences of the
Takeover Offer for KHD, for those KHD Shareholders which choose not to accept the Takeover
Offer or for future financial results of KHD. Such forward-looking statements are based on
current plans, estimates and forecasts which the Bidders and the Persons Acting in Concert
with the Bidders have made to the best of their knowledge, but which do not claim to be
correct in the future. Forward-looking statements are subject to risks and uncertainties which
are difficult to predict and generally cannot be influenced by the Bidders and the Persons
Acting in Concert with the Bidders. The forward-looking statements contained in the Offer
Document could prove to be incorrect; future events and developments could considerably
deviate from the forward-looking statements contained in the Offer Document.
Moreover, it is possible that the Bidders and the Persons Acting in Concert with the Bidders
may change their intentions and estimates outlined in this Offer Document after the
publication of the Offer Document.
2.4
No updates
The Bidders will not update this Offer Document, unless obliged to do so pursuant to WpÜG.
The Bidders and the Persons Acting in Concert with the Bidders have not authorised third
parties to make statements on the Offer or the Offer Document. Should third parties
nonetheless make such statements, they cannot be attributed to the Bidders or to the Persons
Acting in Concert with the Bidders.
3.
SUMMARY OF THE TAKEOVER OFFER
The following summary contains selected information provided in this Offer Document. This
information is only intended to give the KHD Shareholders a first overview of the terms and
conditions of this Offer and does not contain all information that could be relevant to the KHD
Shareholders. Thus, this summary must be read in conjunction with the more detailed
information provided elsewhere in this Offer Document. Reading the summary cannot replace
the full reading of the Offer Document. The KHD Shareholders should therefore read the full
Offer Document carefully.
8
Bidders
AVIC International Engineering Holdings Pte. Ltd. with registered office
in Singapore, 10 Collyer Quay # 27-00, Ocean Financial Centre,
Singapore (049315), registered with ACRA in Singapore under
registration number 201311037D,
and
Europe Project Management Pte. Ltd. with its registered office in
Singapore, 10 Collyer Quay # 27-00, Ocean Financial Centre, Singapore
(049315), registered with ACRA in Singapore under registration
number 201324956R,
and
Europe Technology Investment Pte. Ltd. with its registered office in
number 201324950K,
and
Europe Engineering Holdings Pte. Ltd. with its registered office in
number 201314627G.
Target
KHD Humboldt Wedag International AG, Colonia-Allee 3, 51067 Cologne,
Germany, registered in the commercial register of the local court of
Cologne under HRB 36688.
Subject Matter of the
Offer
Acquisition of all no-par value ordinary bearer shares of KHD Humboldt
Wedag International AG (ISIN DE0006578008, WKN 657800) with a
notional amount in the share capital of EUR 1.00 per share, including all
ancillary rights existing at the time of the settlement of the Offer, in
particular dividend rights from 1 January 2013.
Consideration
EUR 6.45 per KHD Share.
Acceptance Period
Start: 21 November 2013.
End (subject to a possible extension): 19 December 2013, 24:00.
Additional Acceptance
Period
The Additional Acceptance Period is expected to start on
30 December 2013 and to end on 13 January 2014, 24:00 (dependent
on a possible extension to the Acceptance Period).
Condition
Completion of this Offer and the agreements resulting from the
acceptance of this Offer are subject to the Offer Condition set out in
Section 12.1 of this Offer Document. This condition can be summarised
as follows:
The Turkish Competition Board has unconditionally approved the
planned acquisition of KHD Shares in accordance with this Offer under
the Competition Act or the acquisition is deemed to have been approved
9
under the Competition Act.
International Securities
Identification Number
(ISIN)/Securities
Number (WKN)
KHD Shares: ISIN DE0006578008 (WKN 657800)
Acceptance
The acceptance of the Offer must be declared during the Acceptance
Period or the Additional Acceptance Period, respectively. The acceptance
of the Offer must be declared in writing to the respective Custodian
Bank. The Declaration of Acceptance will only become effective as set
out in Section 13 of this Offer Document upon the timely re-booking of
the KHD Shares tendered for sale within the Acceptance Period
("Tendered KHD Shares") at Clearstream Banking AG to ISIN
DE000A1YDES4 (WKN A1Y DES) or upon the timely re-booking of the
KHD Shares tendered for sale within the Additional Acceptance Period
("Subsequently Tendered KHD Shares") to ISIN DE000A1YDET2 (WKN
A1Y DET). Until settlement of the Offer, the Tendered KHD Shares and
the Subsequently Tendered KHD Shares, for which the Declaration of
Acceptance has become effective, remain in the securities deposit
account of the accepting KHD Shareholder.
Settlement of the
Takeover Offer and
payment of the Offer
Price
The Offer Price owed by the Bidders to the respective KHD Shareholder
will be paid in accordance with the terms and conditions of this Offer
into the account of the Custodian Bank of the KHD Shareholder, which
accepted the Offer, at Clearstream Banking AG concurrently against the
re-booking of the Tendered KHD Shares and the Subsequently Tendered
KHD Shares to the securities deposit account of Bankhaus Neelmeyer at
Clearstream Banking AG for the purpose of transferring these shares to
the Bidders.
Tendered KHD Shares: ISIN DE000A1YDES4 (WKN A1Y DES)
Subsequently Tendered KHD Shares: ISIN DE000A1YDET2
(WKN A1Y DET)
The Offer Price for the Tendered KHD Shares and the Subsequently
Tendered KHD Shares will be transferred to the respective Custodian
Bank, no earlier than on the fourth and no later than on the eighth
Banking Day after the end of the Acceptance Period or the Additional
Acceptance Period and the fulfilment of the Offer Condition described in
Section 12.1 of this Offer Document, into the account of the relevant
Custodian Bank at Clearstream Banking AG. If the Offer Condition
mentioned under Section 12.1 is only fulfilled when the Acceptance
Period or the Additional Acceptance Period has expired, the Offer Price
will be paid to the Custodian Banks no earlier than on the fourth and no
later than on the eighth Banking Day following the day on which the
Bidders publish the fulfilment of the aforementioned Offer Condition on
the internet under www.avicgo1.de and in the Federal Gazette
(Bundesanzeiger).
Payment of the Offer Price and settlement of the Offer may be delayed
until 31 March 2014 due to procedures which must be carried out under
merger control law (see Section 11.1). Moreover, final non-fulfilment of
the Offer Condition may result in the Offer becoming unavailable.
The Bidders have fulfilled the obligation to pay the Offer Price to the
respective KHD Shareholder by crediting the respectively owed Offer
Price to the account of the respective Custodian Bank at Clearstream
Banking AG. The Custodian Bank is responsible for allocating the
10
respectively owed Offer Price to the account of the accepting KHD
Shareholder.
Costs/Charges
Stock Exchange Trading
Acceptance of the Offer via a Custodian Bank with registered office in
the Federal Republic of Germany (including a German branch of a
foreign custodian institution) will essentially be free of charge and
expense for the KHD Shareholders with respect to the KHD Shares,
except for the costs of transmitting the Declaration of Acceptance to the
respective Custodian Bank as well as fees of foreign Custodian Banks
and other fees and expenses such as foreign stock exchange, sales or
note taxes which may result from the acceptance of the Offer. They
must be borne by the respective KHD Shareholders which accept this
Offer.
The Tendered KHD Shares with ISIN DE000A1YDES4 (WKN A1Y DES)
can presumably be traded on the Regulated Market (General Standard)
of the Frankfurt Stock Exchange from the second Banking Day following
the beginning of the Acceptance Period until the end of the Acceptance
Period or, if the Offer Condition pursuant to Section 12.1 has not been
fulfilled by this date, by no later than the third Banking Day prior to the
settlement of the Offer.
The Subsequently Tendered KHD Shares will presumably be re-booked
to ISIN DE000A1YDET2 (WKN A1Y DET) three Banking Days after the
end of the Additional Acceptance Period and will be included in the
listing under this ISIN, if the Offer Condition described in Section 12.1
has not been fulfilled by the end of the Additional Acceptance Period.
Publications
This Offer Document the publication of which was approved by BaFin on
20 November 2013 will be published on 21 November 2013 (i) on the
internet (www.avicgo1.de) and (ii) by making copies of the Offer
Document in German available free of charge at Bankhaus Neelmeyer. A
non-binding English translation which has not been reviewed or
approved by BaFin will be published on the internet (www.avicgo1.de).
The announcement of (i) the internet address under which the Offer
Document is published and (ii) the availability of the Offer Document for
distribution free of charge at Bankhaus Neelmeyer will also be published
in the Federal Gazette (Bundesanzeiger) on 21 November 2013.
All communications and announcements of the Bidders required under
WpÜG in connection with the Takeover Offer will be published on the
internet at www.avicgo1.de, and, to the extent required under the
WpÜG, also in the Federal Gazette (Bundesanzeiger).
4.
TAKEOVER OFFER
4.1
Subject Matter of the Takeover Offer
The Bidders, which, as already mentioned, do not act together in the form of a partnership but
as joint bidders (Bietergemeinschaft) within the meaning of Section 2 para. 4 WpÜG, hereby
offer all KHD Shareholders in accordance with the terms and conditions set forth in this Offer
Document to acquire their no-par value ordinary bearer shares in KHD (ISIN DE0006578008,
WKN 657800), each with a notional amount in the share capital of EUR 1.00, including all
11
ancillary rights existing at the time of settlement of the Offer, in particular dividend rights
from 1 January 2013.
Subject to the Takeover Offer are all KHD Shares.
4.2
Offer Price
As consideration, the Bidders offer an amount of
EUR 6.45 per KHD Share
(the "Offer Price").
4.3
Start and End of the Acceptance Period
The period for acceptance of this Takeover Offer (the "Acceptance Period") will start with
the publication of this Offer Document on 21 November 2013 and will end on
19 December 2013 at 24:00.
If the Acceptance Period is extended, the term "Acceptance Period" shall also mean the
respectively extended Acceptance Period.
4.4
Possible Extension of the Acceptance Period
The Bidders may change the Offer up to one business day before the end of the Acceptance
Period and thereby up to 18 December 2013. If the Offer is amended, the Acceptance Period
will automatically be extended by two weeks pursuant to Section 21, para. 5 WpÜG, to the
extent the change is published within the last two weeks prior to the end of the Acceptance
Period. The Acceptance Period would then end on 2 January 2014 at 24:00. This applies even
if the amended Offer violates legal provisions.
If a competing public takeover offer to acquire KHD Shares is made by a third party during the
Acceptance Period (the "Competing Offer"), the end of the Acceptance Period for the Offer
will automatically be determined, pursuant to Section 22, para. 2 WpÜG, on the basis of the
end of the acceptance period for the Competing Offer, if the Acceptance Period for the Offer
ends before the end of the acceptance period for the Competing Offer. This applies even if the
Competing Offer is amended or prohibited, or violates legal provisions.
Notwithstanding the provisions of Section 21, para. 5 and Section 22, para. 2 WpüG, the
Acceptance Period, pursuant to Section 16, para. 3 WpÜG, will automatically be ten weeks
following the publication of the Offer Document, if a general shareholders' meeting of the
Target is convened in connection with this Offer following publication of the Offer Document.
The Acceptance Period would in this case end on 30 January 2014, 24:00.
With regard to the right of withdrawal in the event of the Offer being amended or a Competing
Offer being made, please refer to the statements contained in Section 13.10 "Right to
withdraw".
The Bidders will publish any extension of the Acceptance Period in accordance with the
statements in Section 17 "Publications".
12
4.5
Additional Acceptance Period pursuant to Section 16, para. 2 WpüG
Those KHD Shareholders which have not accepted the Offer during the Acceptance Period can
still accept it within two weeks following publication of the preliminary results of the Offer by
the Bidders according to Section 23, para. 1, sentence 1, no. 2 WpÜG (the "Additional
Acceptance Period"). Subject to an extension of the Acceptance Period, pursuant to
Section 4.4 of this Offer Document, the Additional Acceptance Period will begin on
30 December 2013 and will end on 13 January 2014 at 24:00. After the end of the Additional
Acceptance Period, the Offer can no longer be accepted, except for the right to tender
described in more detail in Section 15.4.
5.
DESCRIPTION OF THE BIDDERS AND PERSONS ACTING IN CONCERT WITH THE
BIDDERS
5.1
Legal basis and capital structure of the Bidders
(a)
AVIC Engineering
AVIC Engineering is a private company limited by shares incorporated under Singapore
law on 24 April 2013 and registered with ACRA under registration number
201311037D. The registered office of AVIC Engineering is 10 Collyer Quay # 27-00,
Ocean Financial Centre, Singapore (049315), Singapore.
The share capital of AVIC Engineering amounts to Euro 1 and is divided into one share.
The object of AVIC Engineering is to engage in any act or activity that is not prohibited
under any law currently in force in Singapore. To date, AVIC Engineering has not
conducted any material activities other than those incident to the preparation of this
Offer Document, conclusion of the agreements described in this Offer Document,
securing of the financing of the Takeover Offer and holding and managing its own
assets.
AVIC Engineering is represented by its three directors, Mr Diao Weicheng, Ms Zhang
Yiqiong and Mr Koh Zheng Kai. AVIC Engineering's secretary is Miss Qiu Yang. AVIC
Engineering does not have a supervisory board.
AVIC Engineering currently does not hold any further sub-participations and has no
employees. In connection with the Takeover Offer, AVIC Engineering acts purely as an
acquisition company.
(b)
Europe Project Management
Europe Project Management is a private company limited by shares incorporated under
Singapore law on 13 September 2013 and registered with ACRA under registration
number 201324956R. The registered office of Europe Project Management is 10 Collyer
Quay # 27-00, Ocean Financial Centre, Singapore (049315), Singapore.
The share capital of Europe Project Management amounts to EUR 1 and is divided into
100 shares.
The object of Europe Project Management is to engage in any act or activity that is not
prohibited under any law currently in force in Singapore. To date, Europe Project
Management has not conducted any material activities other than those incident to the
preparation of this Offer Document, conclusion of the agreements described in this
13
Offer Document, securing financing of the Takeover Offer and holding and managing its
own assets.
Europe Project Management is represented by its sole director, Mr Yap Lian Seng.
Europe Project Management's secretary is Miss Qiu Yang. Europe Project Management
does not have a supervisory board.
Europe Project Management currently does not hold any further sub-participations and
has no employees. In connection with the Takeover Offer, Europe Project Management
acts purely as an acquisition company.
(c)
Europe Technology
Europe Technology is a private company limited by shares incorporated under
number 201324950K. The registered office of Europe Technology is 10 Collyer Quay #
27-00, Ocean Financial Centre, Singapore (049315), Singapore.
The share capital of Europe Technology amounts to EUR 1 and is divided into
100 shares.
The object of Europe Technology is to engage in any act or activity that is not
prohibited under any law currently in force in Singapore. To date, Europe Technology
has not conducted any material activities other than those incident to the preparation
of this Offer Document, conclusion of the agreements described in this Offer Document,
securing financing of the Takeover Offer and holding and managing its own assets.
Europe Technology is represented by its sole director, Mr Yap Lian Seng. Europe
Technology's secretary is Miss Qiu Yang. Europe Technology does not have a
supervisory board.
Europe Technology currently does not hold any further sub-participations and has no
employees. In connection with the Takeover Offer, Europe Technology acts purely as an
acquisition company.
(d)
Europe Engineering
Europe Engineering is a private company limited by shares incorporated under
number 201314627G. The registered office of Europe Engineering is 10 Collyer Quay #
27-00, Ocean Financial Centre, Singapore (049315), Singapore.
The share capital of Europe Engineering amounts to EUR 1 and is divided into
100 shares.
The object of Europe Engineering is to engage in any act or activity that is not
prohibited under any law currently in force in Singapore. To date, Europe Engineering
has not conducted any material activities other than those incident to the preparation
of this Offer Document, conclusion of the agreements described in this Offer Document,
securing financing of the Takeover Offer and holding and managing its own assets.
Europe Engineering is represented by its sole director, Mr Yap Lian Seng. Europe
Engineering's secretary is Miss Qiu Yang. Europe Engineering does not have a
supervisory board.
14
Europe Engineering currently does not hold any further sub-participations and has no
employees. In connection with the Takeover Offer, Europe Engineering acts purely as
an acquisition company.
5.2
Corporate structure of the Bidders
(a)
AVIC Engineering
The sole shareholder of AVIC Engineering is Goldimax Group Limited ("Goldimax"), a
company incorporated under the law of British Virgin Islands, with its registered office
at 263 Main Street, Road Town, Tortola, British Virgin Islands. Goldimax is registered
with The Registry of Corporate Affairs of the British Virgin Islands under registration
number 1762812. The share capital of Goldimax currently amounts to EUR 75.31. In
connection with the Takeover Offer, Goldimax acts exclusively as the holding company
of AVIC Engineering and does not directly hold any KHD Shares.
The shares in Goldimax are wholly owned by Golden Prosperity Group Limited
("Golden Prosperity"), a company incorporated under the law of British Virgin
Islands, with its registered office at 263 Main Street, Road Town, Tortola, British Virgin
Islands. Golden Prosperity is registered with The Registry of Corporate Affairs of the
British Virgin Islands under registration number 1751767. The share capital of Golden
Prosperity currently amounts to EUR 75.18. In connection with the Takeover Offer,
Golden Prosperity acts exclusively as the holding company of Goldimax and does not
directly hold any KHD Shares.
The sole shareholder of Golden Prosperity is Kaihang Industrial Limited ("Kaihang"), a
company incorporated under the law of the British Virgin Islands, with its registered
office at NovaSage Chambers, P.O. Box 4389, Road Town, Tortola, British Virgin
Islands. Kaihang is registered with The Registry of Corporate Affairs of the British Virgin
Islands under registration number 1616646. The share capital of Kaihang currently
amounts to USD 1 and is divided into 1 share. In connection with the Takeover Offer,
Kaihang acts exclusively as the holding company of Golden Prosperity and does not
The sole shareholder of Kaihang is AVIC International Kairong Limited ("Kairong"), a
company incorporated under Hong Kong law, with its registered office at Room 305 3/F
Arion Commercial Centre, 2-12 Queen's Road West, Hong Kong. Kairong is registered
with the Companies Registry of Hong Kong under registration number 1493834. The
share capital of Kairong currently amounts to USD 6,430,000 and is divided into
6,430,000 shares. In connection with the Takeover Offer, Kairong acts exclusively as
the holding company of Kaihang and does not directly hold any KHD Shares.
The sole shareholder of Kairong is AVIC International Beijing Co. Ltd ("AVIC Beijing"),
a company incorporated under the law of the People's Republic of China ("PRC"), with
its registered office at No. 6 Building, No. 16 Hongda North Road, Beijing Economic and
Technical Development Zone, Beijing, PRC. AVIC Beijing is registered in Beijing, PRC,
under registration number 110000005004804. The share capital of AVIC Beijing
currently amounts to RMB 800,000,000. In connection with the Takeover Offer, AVIC
Beijing acts exclusively as the holding company of Kairong and does not directly hold
any KHD Shares.
The sole shareholder of AVIC Beijing is AVIC International Holdings Limited ("AVIC
International"), a company incorporated under the law of the PRC, with its registered
office at 25/F, Hangdu Building, CATIC Zone, Shennan Road Central, Futian District,
Shenzhen, PRC. AVIC International is registered in Shenzhen, PRC, under registration
15
number 440301102761041. The share capital of AVIC International currently amounts
to RMB 1,110,632,000 and is divided into 832,974,000 domestic shares and
277,658,000 H shares. AVIC International is a public company listed on the HKSE. The
major shareholders of AVIC International are AVIC International Holding Corporation
("AVIC Holding"), holding approximately 39.4 per cent of AVIC International's shares
and AVIC International Shenzhen Company Limited ("AVIC Shenzhen"), holding
approximately 35.6 per cent of AVIC International's shares. In connection with the
Takeover Offer, AVIC International acts exclusively as the holding company of AVIC
Beijing and does not directly hold any KHD Shares.
AVIC Shenzhen is a company incorporated under the law of the PRC, with its registered
office at 24F Hangdu Building, CATIC Zone, Shennan Road Central, Shenzhen, PRC.
AVIC Shenzhen is registered in Shenzhen, PRC, under registration number
440301103089448. The share capital of AVIC Shenzhen currently amounts
to RMB 1,000,000,000. In connection with the Takeover Offer, AVIC Shenzhen acts
exclusively as the holding company of AVIC International and does not directly hold any
KHD Shares.
The sole shareholder of AVIC Shenzhen is AVIC Holding, a company incorporated under
the law of the PRC, with its registered office at CATIC Building, no. 18 Beichendong
Road, Chaoyang District, Beijing, PRC. AVIC Holding is registered in Shenzhen, PRC,
under registration number 100000000000991(4-1). The share capital of AVIC Holding
currently amounts to RMB 8,459,000,000. In connection with the Takeover Offer, AVIC
Holding acts exclusively as the holding company of AVIC Shenzhen and AVIC
International and does not directly hold any KHD Shares.
The major shareholder of AVIC Holding is Aviation Industry Corporation of China
("AVIC", AVIC together with its direct and indirect subsidiaries the "AVIC Group"),
holding approximately 76.83 per cent of shares of AVIC Holding. AVIC is a company
incorporated under the law of the PRC, with its registered office at AVIC Building,
no. 128 Jianguo Road, Choayang District, Beijing, PRC. AVIC is registered in Beijing,
PRC, under registration number 100000000041923. AVIC is wholly owned by the PRC.
Therefore, AVIC Engineering is indirectly controlled by the PRC. In connection with the
Takeover Offer, AVIC acts exclusively as the holding company of AVIC Holding and
does not directly hold any KHD Shares.
Goldimax, Golden Prosperity, Kaihang, Kairong, AVIC Beijing, AVIC International, AVIC
Holding, AVIC Shenzhen, AVIC and PRC are together referred to as the "Further
Acquirers of Control".
Schedule 1(a) provides a detailed overview of AVIC Engineering's shareholder
structure.
Max Glory Industries Limited with registered office in Hong Kong, Room 305, Arion
Commercial Centre, 2-12 Queen's Road West, Hong Kong, registered with the
Companies Registry of Hong Kong under registration number 1532429 ("Max Glory")
does not have any direct or indirect interest in AVIC Engineering, but is wholly owned
by Kaihang.
(b)
The sole shareholder of Europe Project Management is Bright Horizon Global Limited
("Bright Horizon"), a company incorporated under the law of British Virgin Islands,
with its registered office in 263 Main Street, Road Town, Tortola, British Virgin Islands.
Bright Horizon is registered with The Registry of Corporate Affairs of the British Virgin
16
Islands under registration number 1790393. The share capital of Bright Horizon
currently amounts to EUR 1. In connection with the Takeover Offer, Bright Horizon acts
exclusively as the holding company of Europe Project Management and does not
The sole shareholder of Bright Horizon is Mr Yap Lian Seng, whose business address is
10 Collyer Quay # 27-00, Ocean Financial Centre, Singapore (049315), Singapore.
Schedule 1(b) provides a detailed overview of Europe Project Management's
shareholder structure.
(c)
Europe Technology
The sole shareholder of Europe Technology is Maystar Capital Limited ("Maystar
Capital"), a company incorporated under the law of British Virgin Islands, with its
registered office in 263 Main Street, Road Town, Tortola, British Virgin Islands. Maystar
Capital is registered with The Registry of Corporate Affairs of the British Virgin Islands
under registration number 1790390. The share capital of Maystar Capital currently
amounts to EUR 1. In connection with the Takeover Offer, Maystar Capital acts
exclusively as the holding company of Europe Technology and does not directly hold
any KHD Shares.
The sole shareholder of Maystar Capital is Mr Yap Lian Seng.
Schedule 1(c) provides a detailed overview of Europe Technology's shareholder
structure.
(d)
Europe Engineering
The sole shareholder of Europe Engineering is Westley Global Group Limited ("Westley
Global"), a company incorporated under the law of British Virgin Islands, with its
registered office in 263 Main Street, Road Town, Tortola, British Virgin Islands. Westley
Global is registered with The Registry of Corporate Affairs of the British Virgin Islands
under registration number 1790389. The share capital of Westley Global currently
amounts to EUR 1. In connection with the Takeover Offer, Westley Global acts
exclusively as the holding company of Europe Engineering and does not directly hold
any KHD Shares.
The sole shareholder of Westley Global is Mr Yap Lian Seng.
Schedule 1(d) provides a detailed overview of Europe Engineering's shareholder
structure.
5.3
Background information on the Bidders
(a)
AVIC Group
AVIC is a Chinese state-owned aerospace and defence company. The history of AVIC
dates back to 17 April 1951 when the Aviation Industry Administration Commission was
established. In June 1993, China Aviation Industry Corporation was established as a
Chinese consortium of aircraft manufacturers. The AVIC Group ranks 212 among the
Fortune Global 500 firms. Its business units cover among others defence and transport
aircrafts, engines, helicopters, avionics and systems, general aviation, aviation
research, flight testing, trade, transportation and logistics, asset management, financial
services, engineering planning and construction and engineering, procurement and
17
construction projects, automobiles and shipping. Furthermore, the AVIC Group is
engaged in air-conditioning equipment, electronics, recycling, alternative energy,
aircraft rental service, medical care, construction, real estate development, shopping
malls and other sectors of the service industry.
According to the audited PRC GAAP financial statements for the financial
31 December 2012, AVIC achieved consolidated revenues of
RMB 300.6 billion (approximately EUR 36.6 billion)1 in the financial year
31 December 2012, AVIC had over 2,000 direct and indirect subsidiaries
employed approximately 479,000 employees.
(b)
year ended on
approximately
of 2012. As of
worldwide and
Companies owned by Mr Yap Lian Seng
Europe Project Management, Europe Technology and Europe Engineering and their
respective sole shareholders Bright Horizon, Maystar Capital and Westley Global have
been incorporated as acquisition and/or holding companies in connection with the
Takeover Offer to assist AVIC Engineering in undertaking the Takeover Offer. All of
these companies are either directly or indirectly wholly owned by Mr Yap Lian Seng, a
citizen of Malaysia, resident in Singapore. Mr Yap Lian Seng and Golden Prosperity
agreed on mutual option rights which entitle Golden Prosperity to acquire all of the
shares in Bright Horizon, Maystar Capital and Westley Global after the completion of
the Takeover Offer (see Section 5.6 below).
5.4
Share Purchase Agreements
On 11 October 2013, AVIC Engineering entered into share purchase and transfer agreements
with the following KHD Shareholders (together the "Selling Shareholders") regarding the
purchase of KHD Shares in the following amount (together the "Share Purchase
Agreements"):
Selling Shareholder
KHD Shares
IAT Reinsurance Company Ltd.
Occidental Fire & Casualty Company of North
Carolina
Harco National Insurance Company
Transguard Insurance Company of America, Inc.
Acceptance Casualty Insurance Company
Acceptance Indemnity Insurance Company
Bermuda Partners, L.P.
Wilshire Insurance Company Ltd.
Peter and Cynthia Kellogg Foundation
JC Kellog Foundation
MFC Industrial Ltd.
True Heritage Limited
Total
(*)
1
Share in the
voting capital(*)
(rounded)
3,647,234
295,307
7.37 %
0.60 %
311,684
83,144
22,727
162,878
30,984
404,598
1,474,102
850,000
1,443,695
730,000
0.63
0.17
0.04
0.33
0.06
0.82
2.98
1.72
2.92
1.47
9,456,353
19.11 %
%
%
%
%
%
%
%
%
%
%
Taking into account 229,136 treasury shares of KHD (see Section 6.1).
Based on the exchange rate of EUR 1 = RMB 8.2207 as of 31 December 2012 (Source: European Central Bank,
http://www.ecb.europa.eu/stats/exchange/eurofxref/html/eurofxref-graph-cny.en.html).
18
According to the Share Purchase Agreements, AVIC Engineering shall acquire a total of
9,456,353 KHD Shares constituting approximately 19.03 per cent of KHD's total share capital
and approximately 19.11 % of KHD's voting capital2 at a purchase price of EUR 6.45 per KHD
Share. Each of the Share Purchase Agreements is now still subject to the same condition
precedent as the condition precedent to this Offer set out in Section 12.1 of this Offer
Document.
5.5
Voting Agreement
On 11 October 2013, Max Glory, AVIC Engineering, Europe Project Management, Europe
Technology and Europe Engineering entered into a Voting Agreement (the "Voting
Agreement"), which, among others, contains provisions regarding the contents of this Offer
Document, various obligations of Max Glory (see also Section 10.2 below) and provisions on
exercising voting rights from KHD Shares.
In particular, the parties to the Voting Agreement agreed to co-ordinate their behaviour in
relation to exercising voting rights in the general shareholders' meetings of KHD with regard
to the following matters:
5.6

appointment and dismissal of members of the supervisory board of KHD;

entering into enterprise agreements (Unternehmensverträge) within the meaning of
Section 291 et seq. of the German Stock Corporation Act (Aktiengesetz, "AktG");

capital increases and resolutions on the issue of new securities within the meaning of
Section 2 para. 1 of the German Securities Trading Act (Wertpapierhandelsgesetz); and

resolutions which are submitted to the general shareholders' meeting based on the socalled "Holzmüller" Doctrine.
Option Agreements
On 11 October 2013, Golden Prosperity and Mr Yap Lian Seng agreed on mutual option rights
(together "Option Agreements").
Accordingly, Golden Prosperity has, among others, the right to decide at its absolute
discretion, within the period of 24 months following the completion of the Offer, that all shares
in Bright Horizon, Maystar Capital and Westley Global, and as a result also indirectly the KHD
Shares acquired by Europe Project Management, Europe Technology and Europe Engineering,
are transferred to Golden Prosperity.
On the other hand, Mr Yap Lian Seng has the right to decide, at his absolute discretion, within
the period of 24 months following the completion of the Offer, that the shares in Bright
Horizon, Maystar Capital and Westley Global, and as a result also indirectly the KHD Shares
acquired by Europe Project Management, Europe Technology and Europe Engineering, are
transferred to Golden Prosperity.
When the respective option rights are exercised, the shares in Bright Horizon, Maystar Capital
and Westley Global will be transferred together with the loans taken up by these companies
(see Section 10.2 below) (if such loans then still exist), which do not exceed the Offer Price of
EUR 6.45 per indirectly acquired KHD Share.
No option premium was agreed upon or paid for granting the respective option rights.
2
19
According to the respective Option Agreements, Golden Prosperity shall pay Mr Yap Lian Seng
at the time when the respective option rights are exercised an amount of S$ 500,000 (i.e. if
all Option Agreements are completed, a total of S$ 1.5 million). This amount does not
constitute a consideration for the indirect acquisition of KHD Shares, but a remuneration for
various additional obligations and advisory services of Mr Yap Lian Seng.
5.7
Persons Acting in Concert with the Bidders
Based on the Voting Agreement (see Section 5.5 above), the Bidders are Persons Acting in
Concert with each other and with Max Glory within the meaning of Section 2, para. 5 WpÜG.
Other Persons Acting in Concert with the Bidders are set out in Schedule 2 and Schedule 3
of this Offer Document. The companies listed in Schedule 2(a) belong to the AVIC Group.
Therefore, AVIC Engineering is their direct or indirect subsidiary within the meaning of Section
2, para. 6 WpÜG. These companies thereby are Persons Acting in Concert among themselves
and with AVIC Engineering within the meaning of Section 2, para. 5, sentence 1 and 3 WpÜG.
Since AVIC is solely owned by PRC, AVIC Engineering is indirectly controlled by PRC.
Therefore, in addition to the companies listed in Schedule 2(a), PRC is also regarded as a
Person Acting in Concert with these companies and with AVIC Engineering within the meaning
of Section 2, para. 5, sentence 1 and 3 WpÜG. The companies listed in Schedule 2(b) are
direct or indirect subsidiaries of the persons controlling Europe Project Management, Europe
Technology and Europe Engineering. Therefore, Europe Project Management, Europe
Technology and Europe Engineering are their direct or indirect subsidiaries within the meaning
of Section 2, para. 6 WpÜG. These companies thereby are Persons Acting in Concert among
themselves and with Europe Project Management, Europe Technology and Europe Engineering
within the meaning of Section 2, para. 5, sentence 1 and 3 WpÜG. The companies listed in
Schedule 2(a) and Schedule 3 are direct or indirect subsidiaries of the PRC. None of the
companies listed in Schedule 2(a) and Schedule 3 (except for Goldimax, Golden Prosperity,
Kaihang, Kairong, AVIC Beijing, AVIC International, AVIC Shenzhen, AVIC Holding, AVIC and
Max Glory) actually coordinate their behaviour with the Bidders in respect of the acquisition of
KHD Shares or the exercising of voting rights from KHD Shares due to an agreement or in
some other manner within the meaning of Section 2, para. 5, sentence 1 WpÜG.
Except for the aforementioned, there are no further persons acting jointly with the Bidders
within the meaning of Section 2 para. 5 German Takeover Act at the time of publication of this
Offer Document.
5.8
Shares currently held by the Bidders or Persons Acting in Concert with the Bidders or their
subsidiaries; Attribution of voting rights
The Bidders currently do not directly hold any KHD Shares.
Max Glory, an indirect subsidiary of AVIC, holds 9,940,715 KHD Shares (representing
approximately 20 per cent of the total share capital and approximately 20.09 per cent of the
voting capital3 of KHD). The voting rights from these KHD Shares are attributable to Kaihang,
Kairong, AVIC Beijing, AVIC International, AVIC Holding, AVIC Shenzhen, AVIC and PRC
pursuant to Section 30 para. 1 sentence 1 no. 1 WpÜG.
Based on the Voting Agreement (see Section 5.5), since 11 October 2013 the voting rights
from 9,940,715 KHD Shares (representing approximately 20 per cent of the total share capital
and approximately 20.09 per cent of the voting capital4 of KHD) held by Max Glory have also
3
4
20
been attributable to the Bidders, Golden Prosperity, Goldimax, Bright Horizon, Maystar
Capital, Westley Global and Mr Yap Lian Seng pursuant to Section 30, para. 2 WpÜG.
Beyond that, according to the Bidders' knowledge, none of the Persons Acting in Concert with
the Bidders or their subsidiaries hold any KHD Shares at the time of the publication of the
Offer Document, and no additional voting rights attached to KHD Shares are attributable to
them.
5.9
Information about securities transactions
On 11 October 2013, AVIC Engineering entered into the Share Purchase Agreements with
regard to approximately 19.03 per cent of the KHD Shares (see Section 5.4 above) and, as a
result, at the time of publication of this Offer Document holds other instruments within the
meaning of Section 25a of the German Securities Trading Act (Wertpapierhandelsgesetz,
"WpHG") which relate to approximately 19.03 per cent of the voting rights5 in KHD. Such
other instruments are at the time of the publication of the Offer Document also indirectly held
by the Further Acquirers of Control pursuant to Section 25a para. 1 WpHG. Based on the
Voting Agreement (see Section 5.5), since 11 October 2013 such other instruments have also
been indirectly held by Europe Project Management, Europe Technology, Europe Engineering,
Bright Horizon, Maystar Capital, Westley Global and Mr Yap Lian Seng as well as Max Glory
pursuant to Section 25a para. 1 WpHG.
Pursuant to the Option Agreements, Golden Prosperity has the right and the obligation to
acquire, under certain conditions, the shares in Bright Horizon, Maystar Capital and Westley
Global, and as a result also indirectly the KHD Shares acquired by Europe Project
Management, Europe Technology and Europe Engineering (see Section 5.6 above).
Except for these transactions (in particular the Option Agreements and the Share Purchase
Agreements), within the last six months before publication of the decision to launch the
Takeover Offer according to Section 10, para. 1 sentence 1 WpÜG on 11 October 2013 and
from 11 October 2013 until publication of the Offer Document, neither the Bidders nor the
Persons Acting in Concert with the Bidders or their subsidiaries acquired any KHD Shares or
financial instruments or other instruments within the meaning of Sections 25, 25a WpHG on
the stock exchange or outside of the stock exchange or have entered into agreements in
relation to such acquisitions.
The Bidders reserve the right to acquire additional KHD Shares outside of the Offer during the
Acceptance Period and the Additional Acceptance Period directly or via Persons Acting in
Concert with the Bidders or their subsidiaries.
6.
DESCRIPTION OF THE TARGET
6.1
Legal basis and capital structure
KHD Humboldt Wedag International AG, Colonia-Allee 3, 51067 Cologne, Germany, is a
German public limited company. KHD has its registered office in Cologne and is registered in
the commercial register of the local court of Cologne under HRB 36688.
At the time of the publication of this Offer, the share capital of KHD amounts to
EUR 49,703,573.00 and is divided into 49,703,573 no-par value ordinary bearer shares, each
representing a notional amount of the share capital of EUR 1.00 per share. Only one class of
shares exists. All shares entitle to full voting and dividend rights. According to the information
available to the Bidders, KHD held 229.136 treasury shares as at 31 December 2012.
5
Disregarding 229,136 treasury shares of KHD (see Section 6.1).
21
The overall share capital of KHD is admitted to trading on the regulated market of the
Frankfurt Stock Exchange (General Standard) under ISIN DE0006578008 (WKN 657800). The
KHD Shares are traded there in XETRA trading. The KHD Shares are further trading on over
the counter markets in Germany (Berlin, Stuttgart) and in North America on OTCBB
(Symbol: KHDHF).
Pursuant to Section 5 of KHD's articles of association, the management board is authorised
with the approval of the supervisory board to increase the share capital once or several times
in the period from 23 March 2010 up to and including 22 March 2015 by up to a total amount
of EUR 10,255.00 by issuing up to 10,255 new no-par value ordinary bearer shares against
cash contributions and/or contributions in kind ("Authorised Capital"). The shareholders
shall in principle be granted a subscription right. The management board of KHD is, however,
authorised to exclude the subscription right of the shareholders once or several times,
respectively, with the consent of the supervisory board in the following cases:

if the capital increase is made against cash contributions and the proportion of the
share capital allocated to the new shares, for which the subscription right has been
excluded, does not exceed 10 per cent of the share capital, either with respect to the
date on which the authorisation becomes effective or the date on which such
authorisation is exercised, and the issue price of the new shares is not significantly
lower in terms of Section 203, para. 1 and 2 and Section 186, para. 3 sentence 4 AktG
than the stock market price of the shares already quoted on the stock exchange at the
time of the final determination of the issuing price that are of the same type and that
offer the same conditions; the upper limit of 10 per cent of the share capital should
include shares which have been issued or which are to be issued to satisfy warrant
bonds or convertible bonds, if these bonds have been issued in accordance with
Section 186, para. 3 sentence 4 AktG excluding subscription rights; the upper limit of
10 per cent of the share capital also includes those own shares of the company which
are sold during the term of this authorised capital excluding the shareholders'
subscription rights, pursuant to Section 71, para. 1, no. 8, sentence 5 and
Section 186, para. 3, sentence 4 AktG;

in the case of capital increases against contributions in kind to grant shares in order to
acquire a company, any parts of a company or participations in companies as well as
other assets;

for residual amounts;

if a third party, which is not a credit institution in terms of Section 186, para. 5 AktG,
subscribes for the new shares and ensures that the shareholders are allowed an
indirect subscription right.
The management board is authorised with the consent of the supervisory board to stipulate
further details of the capital increase as well as its execution.
Pursuant to Section 4 of KHD's articles of association, there is contingent capital in the
amount of up to EUR 69,204.00 to be executed by the issue of up to 34,602 new ordinary
bearer shares ("Contingent Capital"). The Contingent Capital increase shall only be
executed to grant conversion rights and/or establish conversion obligations in compliance with
the relevant conversion conditions for the holders of the convertible bonds issued by KHD
before 29 August 2006 pursuant to the resolution adopted by the general shareholders'
meeting on 29 August 2001 and to grant option rights pursuant to the relevant option
conditions to the holders of the warrant bonds and warrants issued by KHD before
29 August 2006 pursuant to the resolution adopted by the general shareholders' meeting on
22
29 August 2001. The shares are to be issued at the conversion or option price (issue price) to
be determined pursuant to the resolution adopted by the general shareholders' meeting on
29 August 2001 and subscription ratio. The Contingent Capital increase is to be implemented
only to the extent that the holders of the forenamed convertible bonds or warrants exercise
their conversion or option rights or the holders of bonds obliged to convert fulfil their
conversion obligations. The new shares of KHD shall participate in the profits from the
beginning of the financial year in which they are issued as a consequence of the exercise of
conversion or option rights or the fulfilment of conversion obligations.
To the knowledge of the Bidders, the management of KHD has not made use of such
authorisations at the time of publication of this Offer Document.
6.2
Business activities
The purpose of KHD according to Section 2 of its articles of association is the acquisition and
disposal of shareholdings in corporations and partnerships, in particular real estate and
industry investments and the management of such shareholdings.
KHD has been listed on the regulated market (General Standard) of the Frankfurt Stock
Exchange since March 2010. KHD's market capitalisation at year-end 2012 amounted to
approximately EUR 233 million.
KHD is the ultimate holding company of the KHD Group and holds 100 per cent of shares in
KHD Humboldt Wedag GmbH, Germany, which functions as a strategic management holding
company. A group structure of KHD is presented in Schedule 4.
KHD Group is one of the world's leading equipment suppliers and service companies for the
cement industry. The scope of KHD's services covers process technology, design, engineering,
project management, the supply of technology and equipment as well as supervising the
erection and commissioning of cement plants and related equipment. Customer services, such
as supplying spare parts, optimisation of cement plants and training plant personnel
complement KHD's services. KHD's services can be divided as follows:
(a)
Design and engineering: KHD provides basic design and detailed design (engineering)
for individual equipment, an equipment package or a full equipment line supply. The
basic design comprises, among others, layout, process calculation, determination of
quantities, and is provided by KHD before an agreement on the supply of a cement
plant or parts of it is concluded with a customer, whereas engineering includes the
detailed design of the entire plant, an equipment package or individual equipment and
comprises a customised most feasible layout and is part of KHD's contractual obligation
under a supply agreement.
(b)
Project Management and Supply: KHD organises for its customers the procurement of
core and non-core equipment and its delivery, i.e. organises the selection of the
supplier or contractor, order, timing of the delivery, quality monitoring and delivery to
the customer.
(c)
Supervision of Erection and Commissioning: KHD monitors the erection of cement
plants and equipment so that the entire cement plant or the equipment can be duly
erected in accordance with its design and planning and in consultation with the
customer. Following the supervision of the erection of the plant or equipment, KHD also
supervises the commissioning of the entire plant or equipment supplied by KHD.
23
(d)
Customer Services: As part of its customer services KHD delivers replacement parts to
its customers, provides analysis and optimisation of existing cement plants and
equipment and offers training to its customers' maintenance and operating personnel.
As of 31 December 2012, KHD employed in total 783 employees and had five German and
eight foreign consolidated subsidiaries. One company was included in the consolidated
financial statements as a joint venture on a proportional basis. As of 30 June 2013, KHD
employed 774 employees. As of 31 December 2012, approximately 50 per cent of KHD's
employees were employed in Germany.
According to the Bidders' knowledge, KHD's shareholder structure as of the date of the
publication of this Offer Document is as follows: Max Glory holds approximately 20 per cent of
KHD's shares, Sterling Strategic Value Ltd. holds approximately 15.08 per cent, IAT
Reinsurance Company Ltd. holds approximately 5.70 per cent, Canada Life Assurance Europe
Limited holds approximately 3.15 per cent, KHD holds approximately 0.46 per cent treasury
shares6 and approximately 55.61 per cent are free float.7
6.3
Selected financial figures
In the financial year 2012, the KHD Group generated revenues of EUR 213.5 million
(2011: 234.6 million) and consolidated net profit for the year of EUR 7.0 million
(2011: 13.5 million), pursuant to consolidated financial statements as at 31 December 2012
prepared in line with the International Financial Reporting Standards, as they are applied in
the EU ("IFRS") and the additionally applicable provisions under commercial law, pursuant to
Section 315a, para. 1 of the German Commercial Code.
As of 30 September 2013, the KHD Group generated revenues of EUR 181.5 million and
consolidated net profit for the period of EUR 3.6 million pursuant to the consolidated interim
financial report as of 30 September 2013.
6.4
Corporate bodies
The management board of KHD currently consists of three persons: Mr Jouni Olavi Salo (Chief
Executive Officer), Mr Yizhen "Mario" Zhu and Mr Ralph Quellmalz.
The supervisory board of KHD currently consists of six persons: Mr Luc Antoine Baehni,
Mr Michael Busch, Mr Hubert Keusch, Mr Seppo Kivimäki, Mr Helmut Meyer and Mrs Eliza Suk
Ching Yuen. The current chairperson of the supervisory board is Mr Hubert Keusch, the
current deputy chairman is Mr Luc Antoine Baehni.
6.5
According to the information available to the Bidders at the time of the publication of the Offer
Document, the companies listed in Schedule 5 are subsidiaries of KHD and therefore are
considered as persons acting in concert with each other and with KHD pursuant to Section 2,
para. 5, sentence 3 WpÜG.
According to the information available to the Bidders at the time of the publication of this
Offer Document, no other persons are being considered as acting in concert with KHD within
the meaning of Section 2, para. 5, sentence 2 WpÜG.
6
Source: Consolidated financial statements
http://www.khd.com/annual-report.html.
7
Source (except for the amount of treasury shares of KHD and the amount of free float): http://www.khd.com/votingrights-announcements.html.
of
KHD
24
as
of
31
December
2012
for
the
financial
year
2012,
6.6
Indication of the opinion of the management board and the supervisory board of KHD on the
Takeover Offer
Pursuant to Section 27, para 1 WpÜG, the management board and the supervisory board of
KHD are required to provide a justified opinion on the Offer as well as on all of its
amendments and they must publish it, pursuant to Section 27, para. 3 WpÜG, immediately
following the delivery of the Offer Document and its amendments by the Bidders according to
Section 14, para. 3, sentence 1 WpÜG.
7.
BACKGROUND OF THE OFFER
KHD and AVIC Beijing entered into an exclusive Cooperation Agreement regarding cooperation
in the engineering procurement and construction business (detailed planning and control,
procurement, execution of building and assembly works) on 21 December 2010. The
Cooperation Agreement aims, inter alia, at increasing competitiveness of respective products
and services for the cement industry. The Cooperation Agreement shall remain in place and
cooperation between KHD and AVIC Group shall be further intensified following the Takeover
Offer.
With this transaction, the Bidders and the Further Acquirers of Control intend to transform the
KHD Group into a stable ownership structure, further develop its strategy and position the
KHD Group for sustainable profitable growth. The Bidders and the Further Acquirers of Control
aim at achieving value-increasing growth of KHD that will generally strengthen its competitive
position. The commitment of the Bidders opens up the possibility for further strategic
development and the continuation of the growth strategy of KHD. In this respect, the Bidders
and the Further Acquirers of Control intend to support KHD in extending and strengthening its
market position and to promote its performance potential in the medium term. The Bidders
and the Further Acquirers of Control intend to realise these goals, in particular by (i)
identifying and using growth potential in all divisions as well as (ii) analysing and realising
potential cost savings and improvement potential. In addition, the systematic extension of
particularly attractive business areas as well as targeted, external acquisitions is possible in
the further course.
Possible synergies have not yet been quantified.
8.
INTENTIONS OF THE BIDDERS AND OF THE FURTHER ACQUIRERS OF CONTROL IN
RESPECT OF THE FUTURE OF KHD AND THE BIDDERS
8.1
Future business activity of KHD
In the case of the successful implementation of this Offer, the Bidders – and indirectly the
Further Acquirers of Control – will become majority shareholders of KHD. The Bidders and the
Further Acquirers of Control view their commitment as long term. The primary aim of the
Bidders and of the Further Acquirers of Control is to maintain and extend the business activity
of KHD and its subsidiaries, whereby structural changes which affect the legal form of
individual companies of KHD Group, in particular that of KHD, are not excluded (see
hereinafter under Section 8.5). Overall, the Bidders and the Further Acquirers of Control
intend to support the KHD Group in following its chosen business direction. In doing so, it is
intended to analyse further concentration on the core areas of business.
In order to strengthen existing business areas of KHD, it is intended to contemplate further
acquisitions, domestic and abroad.
25
8.2
Registered office of KHD; Location of significant business divisions
The Bidders and the Further Acquirers of Control do not intend to relocate the registered office
of KHD. The Bidders the Further Acquirers of Control also currently do not intend to close,
relocate or reposition the location of significant business divisions.
8.3
Employees, employee representation and employment conditions
The successful implementation of the Offer will not have any effect on the employees of KHD
and its subsidiaries. The employment relationships and employment conditions of the
employees of KHD Group as well as the operational structure will remain unaffected by the
completion of the Offer.
The Bidders and the Further Acquirers of Control do not intend to terminate any employment
relationships with employees of the KHD Group due to the takeover, or to change their
employment conditions or to modify the representation of the employees.
According to the knowledge of the Bidders, KHD has not been subject to any co-determination
laws and there is no KHD Group works council. In Germany, a works council has only been
established for KHD's subsidiary, KHD Humboldt Wedag GmbH. It is not intended to change
this upon the completion of this Offer.
8.4
Management board and supervisory board of KHD
The Bidders and the Further Acquirers of Control intend to continue working together with the
current management board of KHD; personnel changes to the management board are not
intended.
According to Section 10 para. 1 of KHD's articles of association, the supervisory board of KHD
consists of six members. The Bidders and the Further Acquirers of Control intend to be
adequately represented in the supervisory board of KHD after completion of the Offer. The
Bidders and the Further Acquirers of Control intend within the framework of the next general
shareholders' meeting of KHD to use their voting rights acquired up to that point to newly
populate the supervisory board in part with persons to be suggested by them and whose
names are not yet known and to reduce the number of members of the supervisory board
overall to three, provided this is legally permissible.
8.5
Structural changes and other important measures
The Bidders and the Further Acquirers of Control do not intend to implement the structural
measures described in more detail in Section 15.3 if the Bidders hold the required majority of
KHD Shares after execution of the Offer.
8.6
Future use of KHD's assets
The Bidders and the Further Acquirers of Control do not intend to dispose of parts of KHD's
current business operations or assets or arrange for KHD to do so.
8.7
Future obligations of KHD
The Bidders and the Further Acquirers of Control do not intend to increase current
indebtedness of the KHD Group outside of the ordinary course of business. To the Bidders'
knowledge, the completion of the Takeover Offer will not have any influence on the existing
financing arrangements of the KHD Group.
26
8.8
Details of the intentions relating to the future of the Bidders as well as Goldimax, Golden
Prosperity, Kaihang, Kairong, AVIC Beijing, AVIC International, AVIC Holding, AVIC Shenzhen
and AVIC
The Bidders do not run an operative business, do not have any employees and will act purely
as holding companies with regard to KHD. Unless otherwise stated in this Offer Document,
upon the publication of this Offer Document, there are no intentions to change the future
business activity, the registered office and the location of significant business divisions, the
employees, the employee representation and employment conditions, the members of the
management bodies, the use of the assets or future obligations of the Bidders, Goldimax,
Golden Prosperity, Kaihang, Kairong, AVIC Beijing, AVIC International, AVIC Holding, AVIC
Shenzhen and AVIC.
9.
CONSIDERATION
9.1
Type and amount of consideration offered
The consideration consists of a cash payment in euro at the Offer Price. The consideration
which is offered to the KHD Shareholders for their KHD Shares must fulfil certain minimum
requirements in respect of the specific price, pursuant to Section 31, para. 1 and 7 WpÜG in
conjunction with Sections 4 and 5 of the WpÜG Offer Regulation and at the same time be
appropriate.
(a)
Statutory minimum offer price
According to Section 31, para. 1 and para. 7 WpÜG in conjunction with Sections 4 and
5 of the WpÜG Offer Regulation, the consideration offered to the KHD Shareholders for
their KHD Shares as part of a voluntary public takeover offer within the meaning of
Section 29 para. 1 WpÜG must be fair. The consideration must not be less than a
minimum value which is to be determined pursuant to these provisions. According to
this, the consideration to be offered to the KHD Shareholders must in each case be at
least equal to the greater of the two following values per KHD Share:
(i)
Pre-acquisitions of the Bidders
According to Section 4 of the WpÜG Offer Regulation, the consideration must at
least be equal to the highest consideration granted or agreed upon by the
Bidders, any Person Acting in Concert with the Bidders or their subsidiaries for
the acquisition of KHD Shares within the last six-month period prior to the
publication of this Offer Document, i.e. from 21 May 2013 to 21 November 2013.
During the period of six months before the date of the publication of this Offer
Document, the Bidders or the Persons Acting in Concert with the Bidders have
not made any pre-acquisitions of KHD Shares except for the transactions
described in this Offer Document (in particular the Option Agreements and the
Share Purchase Agreements). As described in Section 5.4, on 11 October 2013,
AVIC Engineering entered into the Share Purchase Agreements with various KHD
Shareholders regarding the acquisition of KHD Shares constituting approximately
19.03 per cent of KHD's total share capital and approximately 19.11 per cent of
KHD's voting capital8 at a price of EUR 6.45 per KHD Share. The transfer in rem
of KHD Shares under the Share Purchase Agreements has not yet taken place.
Each of the Share Purchase Agreements is now still subject to the same
condition precedent as the condition precedent to the Offer set out in Section
8
27
12.1 of this Offer Document. As described in Section 5.6, Mr Yap Lian Seng and
Golden Prosperity agreed on option rights which entitle or oblige Golden
Prosperity to acquire under certain conditions all the shares in Bright Horizon,
Maystar Capital and Westley Global after the completion of the Takeover Offer.
(ii)
Weighted average stock exchange price
According to Section 5 of the WpÜG Offer Regulation, the consideration for the
KHD Shares must be equal to at least the weighted average domestic stock
exchange price for KHD Shares during the three-month period prior to the
publication of the decision to launch this Takeover Offer, pursuant to Section 10
WpÜG on 11 October 2013. The minimum price communicated by BaFin as of
the relevant date of 10 October 2013 is EUR 4.78 per KHD Share.
With an Offer Price in the amount of EUR 6.45 per KHD Share, the consideration
offered by the Bidders fulfils the legal requirements of Section 31, para. 1 and 7
WpÜG in conjunction with Section 5 WpÜG Offer Regulation.
(b)
Fairness of the consideration offered
Taking into consideration the pre-acquisitions described in Section 5.4 and 5.6, the
Bidders have determined the fairness of the Offer Price according to the historical stock
exchange prices at which the KHD Shares were traded prior to the publication of the
decision to launch the Offer pursuant to Section 10 WpÜG on 11 October 2013. The
legislators place significant importance on the stock exchange price of target companies
for evaluating the appropriateness of an offer (see Section 31, para. 1 and 7 WpÜG,
Sections 4 and 5 WpÜG Offer Regulation). Comparing the Offer Price with historical
stock exchange prices is also an understandable and adequate measurement for
assessing the appropriateness of the Offer Price for the Bidders. KHD Shareholders
were able to sell their shares at these prices via the stock exchange and indeed sold
KHD Shares. The KHD Shares indicated and will indicate up to publication of this Offer a
sufficiently high free float which is why the trading volume and the liquidity of the KHD
Shares were and are sufficiently high, so that the stock exchange price may serve as a
relevant reference figure. Other than that, the Bidders have not used any other
valuation method to determine the Offer Price.
The appropriateness of the Offer Price is also shown by the respective premiums of the
Offer Price on various stock exchange prices of the KHD Shares determined prior to
publication of the Offer:
(i)
Premium on the final closing price
The Offer Price corresponds to a premium of approximately EUR 1.354 or
approximately 26.57 per cent on the final closing price (electronic trading
system XETRA) as at 10 October 2013 which amounted to EUR 5.096 (final
closing price prior to publication of intention to make an Offer) (Source:
Deutsche Börse).
(ii)
Premium on the average price of the last three months
The Offer Price corresponds to a premium of approximately 34.9 per cent on the
weighted average domestic stock exchange price for KHD Shares in the threemonth period prior to the publication of the decision to launch the Takeover
Offer, pursuant to Section 10 WpÜG on 11 October 2013 as communicated by
BaFin which amounted to EUR 4.78.
28
9.2
No applicability of Section 33b WpÜG
The articles of association of KHD do not provide for the application of Section 33b, para. 2
WpÜG. Accordingly, the Bidders are not obliged to make compensation payments, pursuant to
Section 33b, para. 5 WpÜG.
9.3
Cash payments or other cash-equivalent benefits for management board and supervisory
board members of KHD and potential conflicts of interest
No cash payments or cash-equivalent benefits in connection with this Takeover Offer have
been granted or concretely suggested to a member of the management board or the
supervisory board of KHD by the Bidders or Persons Acting in Concert with the Bidders.
Excluded from this is the payment of the Offer Price to members of the management board
and the supervisory board of KHD for KHD Shares which these members of the management
board and the supervisory board of KHD sell within the framework of this Offer.
10.
FINANCING THE TAKEOVER OFFER
10.1
Transaction volume
The total number of KHD Shares currently issued by KHD is 49,703,573. Thereof, Max Glory
holds 9,940,715 shares (approximately 20 per cent of the total share capital and
approximately 20.09 per cent of voting capital9 of KHD). The Bidders currently do not directly
hold any KHD Shares.
Pursuant to the Voting Agreement, Max Glory undertook, among others, not to dispose of KHD
Shares held by it to any third party, not to tender in the Offer the KHD Shares held by it, and
not to accept or support any Competing Offer.
If the Offer is accepted with respect to all KHD Shares not held by Max Glory, the total amount
which would be needed to finance the Offer would be approximately EUR 256.5 million (i.e.
the Offer Price of EUR 6.45 per KHD Share multiplied by 39,762,858 KHD Shares not held by
Max Glory). Moreover, transaction costs to a maximum of approximately EUR 3.5 million will
be incurred in connection with the Offer by the Bidders (the "Transaction Costs"). The total
costs for acquiring all KHD Shares not held by Max Glory on the basis of this Offer would
therefore amount to approximately EUR 260 million, including the Transaction Costs (the
"Expected Overall Transaction Costs").
10.2
Financing measures
Prior to the publication of this Offer Document, the Bidders have taken all necessary measures
in order to ensure that they have at their prompt disposal the means necessary for completely
satisfying this Offer upon the maturity of the Offer Price.
In particular, the Bidders have taken the following measures to ensure the financing of the
Takeover Offer and to provide all Bidders with the financial means necessary for fulfilling the
obligations arising from the Takeover Offer:
In order to settle the Expected Overall Transaction Costs, the Bidders have deposited an
amount of approximately EUR 260 million ("Escrow Amount") in a jointly owned escrow
account ("Escrow Account") at Raiffeisen Bank International AG, Am Stadtpark 9, 1030
Vienna, Austria ("RBI"). According to the escrow agreement concluded on 6 November 2013
between RBI (as trustee) and the Bidders (as trustors), the Bidders irrevocably authorised RBI
9
29
to use the Escrow Amount exclusively for settling the Takeover Offer and paying the
Transaction Costs. The Bidders may request RBI to repay the Escrow Amount only if and to
the extent that the Offer is not accepted at all or is not accepted by all of the KHD
Shareholders.
Moreover, on 6 November 2013 Max Glory and RBI entered into a non-tender agreement,
pursuant to which Max Glory, in addition to the respective obligation to the Bidders under the
Voting Agreement, waived its right, also with respect to RBI, to accept the Takeover Offer with
respect to the KHD Shares which are held by it. If Max Glory accepts the Takeover Offer in
whole or in part in breach of this non-tender obligation, Max Glory shall pay RBI upon its first
demand a contractual penalty in the amount of the Offer Price for the amount of KHD Shares
tendered by it. As security for fulfilling all of its obligations under the non-tender agreement,
Max Glory pledged its KHD Shares, which are deposited in a custody account at RBI, in favour
of RBI. The securities deposit account and the related cash account of Max Glory are blocked
until the complete payment of all amounts to be paid by Max Glory in connection with the
non-tender agreement and Max Glory may not withdraw any shares or money from these
accounts without written approval of RBI.
The Escrow Amount has been financed in part by internal cash resources of Kairong
(approximately EUR 74.2 million) which were provided by Kairong to AVIC Engineering by way
of a contribution. The remaining amount of approximately EUR 185.8 million was provided to
Europe Project Management, Europe Technology and Europe Engineering by their respective
parent companies, Bright Horizon, Maystar Capital and Westley Global, in each case in the
form of a shareholder loan (in each case individually a "Shareholder Loan" and together the
"Shareholder Loans").
The Shareholder Loans have in each case a term of two years. The interest rates agreed for
the respective Shareholder Loans are equal to 6-Month-EURIBOR plus 2.4 % per annum and
are due 24 months after disbursement, but no later than 31 March 2016. The Shareholder
Loans may only be terminated for good cause. The Bidders have no reason to believe that any
reason for terminating the Shareholders Agreements exists at the time of maturity of the
payment obligation under this Takeover Offer.
The amounts granted pursuant to the Shareholder Loans have in turn been financed by loan
funds which were provided for this purpose to Bright Horizon, Maystar Capital and Westley
Global by Industrial and Commercial Bank of China (Asia) Limited, a company incorporated
under Hong Kong law, with its registered office at 34/F., ICBC Tower, 3 Garden Road, Central,
Hong Kong ("ICBC Asia"), on the basis of loan agreements entered into on customary terms
on 7 November 2013.
Overall, each of the Bidders therefore has sufficient financial means for completely fulfilling
this Offer upon maturity of the consideration.
10.3
RBI with its registered office in Vienna, Austria, an investment services firm independent of
the Bidders, has confirmed by means of the letter, dated 8 November 2013, pursuant to
Section 13, para. 1, sentence 2 WpÜG, that the Bidders have taken the necessary measures,
in order to ensure that each of them has at its disposal the necessary financial means to
completely satisfy the Offer at the time at which the claim for the cash consideration falls due.
This letter is attached to the Offer Document as schedule 6.
30
11.
INFORMATION REGARDING OFFICIAL APPROVALS AND PROCEEDINGS
CONNECTION WITH THE ACQUISITION OF THE SECURITIES OF KHD
11.1
Merger control
IN
The planned acquisition of KHD Shares by the Bidders, in accordance with this Offer, is subject
to merger control clearance by the Turkish Competition Board (Türk Rekabet Kurulu),
pursuant to the Turkish Law on Protection of Competition, Law No. 4054 (as amended)
(Rekabetin Korunması Hakkında Kanun) (the "Competition Act"). Therefore, this Takeover
Offer is subject to the condition precedent of either approval by the Turkish Competition Board
of the planned acquisition of KHD Shares, without any conditions or orders, pursuant to
(i) Articles 7, 10 and 12 of the Competition Act and (ii) Article 5 et seq. of the Competition
Board's Communiqué No. 2010/4 on Mergers and Acquisitions subject to the approval of the
Competition Board, (as amended); or the expiration of the applicable waiting period pursuant
to Article 10/2 of the Competition Act.
Consequently, this Offer can only be settled and the Offer Price can only be paid if this Offer
Condition has been fulfilled or, to the extent permissible, waived.
Once the formal notification has been made, the Turkish Competition Board, upon its
preliminary review of the notification, will decide either to approve or investigate the planned
acquisition further. The Turkish Competition Board must notify the notifying party of the
outcome within 30 calendar days following a complete filing.
Should the Turkish Competition Board require the submission of additional information or
documentation concerning the planned acquisition, this may result in the preliminary review
period commencing anew as of the day on which such additional information or documentation
is provided to the Turkish Competition Board.
Should the Turkish Competition Board decide to investigate the planned acquisition further,
such investigation must be completed within six months from the date when the Turkish
Competition Board decides to open an investigation.
The Bidders expect to notify the planned acquisition of KHD Shares to the Turkish Competition
Board by the end of November 2013.
11.2
Clearance under the German Foreign Trade Regulation
The planned acquisition of KHD Shares by the Bidders in accordance with this Offer, was
subject to examination by the German Federal Ministry of Economics and Technology (the
"BMWi") pursuant to Section 58 of the German Foreign Trade Regulation
(Außenwirtschaftsverordnung – "AWV"). Therefore, it has been initially envisaged in the
Initial Publication that this Offer should be subject to the condition precedent of obtaining a
certificate of non-objection (Unbedenklichkeitsbescheinigung) or clearance pursuant to AWV.
The Bidders obtained a certificate declaring that the intended acquisition of KHD Shares raises
no concerns for the public order and safety of the Federal Republic of Germany (certificate of
non-objection, Unbedenklichkeitsbescheinigung) already on 6 November 2013.
Therefore, the condition precedent envisaged in the Initial Publication is no longer necessary
and is not contained in this Offer Document.
11.3
Requirements under HKSE Listing Rules
The indirect acquisition of KHD Shares by AVIC International, in accordance with the Share
Purchase Agreements and this Offer, constitutes a major transaction and connected
31
transaction of AVIC International under Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited ("HKSE Listing Rules").
Under the HKSE Listing Rules, the intended acquisition of KHD Shares is subject to, among
others, AVIC International's shareholders' approval requirement. Certain approvals of HKSE
under the HKSE Listing Rules and other requirements pursuant to the applicable corporate
laws must be fulfilled. Therefore, it has been initially envisaged in the Correction Notice that
this Offer should be subject to the condition precedent that all necessary approvals of the
HKSE have been obtained and the other requirements pursuant to the HKSE Listing Rules and
the applicable corporate laws, which are necessary to obtain, either in a written voting
procedure or at the general shareholders' meeting, the approval of the major transaction and
connected transaction within the meaning of Rules 14.40, 14.33, 14A.17, 14A.18 and 14A.19
of the HKSE Listing Rules from the shareholders of AVIC International have been fulfilled. On
14 November 2013, HKSE issued a waiver and acceptance decision, according to which the
abovementioned approval requirement under the HKSE Listing Rules does not require a
general shareholders' meeting to be held, but can instead be fulfilled by way of written
shareholders' approval from the shareholders AVIC Holding and AVIC Shenzhen. Unless AVIC
International's situation changes, it may proceed with obtaining such shareholders' approval
without further approval from HKSE.
Therefore, the condition precedent envisaged in the Correction Notice is no longer necessary
and is not contained in this Offer Document.
11.4
Approval of Publication of this Offer Document
BaFin approved the publication of this Offer Document on 20 November 2013.
12.
OFFER CONDITION
12.1
Offer Condition
This Offer and the agreements concluded with the KHD Shareholders on the basis of this Offer
and its acceptance are subject to the following condition precedent (the "Offer Condition"):
The Turkish Competition Board has unconditionally approved the planned acquisition of KHD
Shares in accordance with this Offer under the Competition Act no later than by
31 March 2014 or the acquisition is deemed to have been approved under the Competition Act
as of this date.
If the condition precedent, pursuant to this Section 12.1, has not been fulfilled
31 March 2014 at the latest or if the Bidders do not waive, if permissible, fulfilment of
condition one business day before the end of the Acceptance Period at the latest,
respective purchase agreements with the KHD Shareholders, which have already accepted
Offer, will not become effective. The Offer will not be executed in this case.
12.2
by
the
the
the
Waiver of Offer Condition
Pursuant to Section 21, para. 1, sentence 1, no. 4 WpÜG, the Bidders may waive in advance
the Offer Condition, to the extent legally permissible, up to one business day before the end of
the Acceptance Period. A waiver is equivalent to satisfaction of the Offer Condition.
32
12.3
Non-fulfilment of the Offer Condition
The Offer expires if
(a)
the Offer Condition listed in this Offer Document in Section 12.1 has not been satisfied
by 31 March 2014, or
(b)
if permissible, this Offer Condition has not been effectively waived.
Agreements concluded by accepting the Offer will then not become effective.
12.4
Publication of satisfaction or non-satisfaction of the Offer Condition
The Bidders will promptly announce the satisfaction of the Offer Condition.
As part of the publication pursuant to Section 23, para. 1, no. 2 WpÜG, the Bidders will
promptly announce after the end of the Acceptance Period whether the Offer Condition has
been satisfied up to this point.
Furthermore, the Bidders will promptly announce (i) the waiver of the Offer Condition,
whereby such a waiver has to be declared one business day before the end of the Acceptance
Period at the latest, (ii) the fact that the Offer Condition has either been satisfied or has
effectively been waived and (iii) the fact that the Offer Condition can no longer be satisfied.
The aforementioned announcements will be published by the Bidders on the internet at
www.avicgo1.de and in the Federal Gazette.
13.
ACCEPTANCE AND SETTLEMENT OF THE TAKEOVER OFFER
13.1
Central settlement agent
Bankhaus Neelmeyer, Am Markt 14–16, 28195 Bremen, Germany, was engaged by the
Bidders as central settlement agent for the securities settlement of the Takeover Offer.
13.2
Measures for the acceptance of the Offer and re-booking
Notice: KHD Shareholders which wish to accept the Offer should contact their Custodian Bank
with seat or branch in Germany with any questions they may have about acceptance of the
Offer and the technical aspects of settlement. They have been informed separately about the
modalities for acceptance and settlement of the Offer and are required to inform customers
which hold KHD Shares in their securities deposit account about the Offer and the steps
necessary to accept it.
This Offer may only be validly accepted by the KHD Shareholders by doing the following within
the Acceptance Period (see Section 13.7 for acceptance of the Offer during the Additional
Acceptance Period):

declare acceptance of the Offer in writing to the respective Custodian Bank
("Declaration of Acceptance"), and

instruct their Custodian Bank to re-book their KHD Shares in their securities deposit
account for which they want to accept the Offer ("Tendered KHD Shares") to ISIN
DE000A1YDES4 (WKN A1Y DES) at Clearstream Banking AG.
33
The Declaration of Acceptance will only become effective if the Tendered KHD Shares have
been re-booked to ISIN DE000A1YDES4 (WKN A1Y DES) at Clearstream Banking AG by no
later than 18:00 on the second Banking Day after the end of the Acceptance Period. Such rebookings must be made by the respective Custodian Bank promptly after receipt of the
Declaration of Acceptance.
Declarations of Acceptance which are not received by the respective Custodian Bank within
the Acceptance Period, or those completed incorrectly or incompletely, will not be regarded as
an acceptance of the Offer and will not entitle the respective KHD Shareholder to receive
consideration.
Neither the Bidders nor persons acting on their behalf are required to notify the respective
KHD Shareholder of any defects or mistakes in the Declaration of Acceptance, and they are
not liable in the event that such notification is not made.
13.3
Further declarations and warranties of KHD Shareholders in connection with the acceptance of
the Offer
By accepting this Offer in accordance with Section 13.2:
(a)
(b)
the accepting KHD Shareholders instruct their respective Custodian Bank and any
intermediate custodians of the relevant KHD Shares and authorise them:
(i)
to initially leave the Tendered KHD Shares in the securities deposit account of
the accepting KHD Shareholder, but to arrange for their re-booking to ISIN
DE000A1YDES4 (WKN A1Y DES) at Clearstream Banking AG;
(ii)
to instruct and authorise Clearstream Banking AG for its part to provide the
Tendered KHD Shares after the end of the Acceptance Period (but no earlier
than after satisfaction of the Offer Condition to the extent that the Bidders has
not waived it according to Section 21, para. 1, sentence 1, no. 4 WpÜG) to
Bankhaus Neelmeyer on its securities deposit account at Clearstream Banking
AG for transfer of title to the Bidders;
(iii)
to instruct and authorise Clearstream Banking AG for its part to transfer the
Tendered KHD Shares, in each case including all ancillary rights existing at the
time of settlement of this Offer, in particular the dividend rights from
1 January 2013, to the Bidders simultaneously in exchange for payment of the
Offer Price for the Tendered KHD Shares into the account of the respective
Custodian Bank at Clearstream Banking AG according to the provisions of the
Offer;
(iv)
to instruct and authorise any intermediate custodians of the relevant Tendered
KHD Shares and Clearstream Banking AG for their part to provide the Bidders
and Bankhaus Neelmeyer with all information required for the declarations and
publications of the Bidders under the WpÜG directly or via the Custodian Bank,
in particular to communicate the number of KHD Shares which have been rebooked in the securities deposit account of the Custodian Bank at Clearstream
Banking AG to ISIN DE000A1YDES4 (WKN A1Y DES) on each Banking Day
during the Acceptance Period; and
(v)
to forward the Declaration of Acceptance to Bankhaus Neelmeyer upon request;
the accepting KHD Shareholders engage and authorise their respective Custodian Bank
and Bankhaus Neelmeyer, in each case with exemption from the prohibition of self34
contracting, pursuant to Section 181 of the German Civil Code (Bürgerliches
Gesetzbuch) ("BGB"), to take all required or expedient measures to settle this Offer in
accordance with the provisions of this Offer Document and to issue or receive the
associated declarations, in particular, to effect the transfer of title of the Tendered KHD
Shares to the Bidders;
(c)
the accepting KHD Shareholders declare that:
(i)
they accept this Offer in line with the terms and conditions of the Offer
Document for the KHD Shares specified in the Declaration of Acceptance;
(ii)
they will transfer the Tendered KHD Shares to the Bidders under the conditions
precedent of:
(A)
the satisfaction of the Offer Condition insofar as the Bidders have not
waived them according to Section 21, para. 1, sentence 1, no. 4 WpÜG;
and
(B)
the end of the Acceptance Period
simultaneously in exchange for payment of the Offer Price into the account of
the respective Custodian Bank at Clearstream Banking AG; and
(iii)
they are the sole legal owners of the Tendered KHD Shares at the time of
transfer of title to the Bidders and the Tendered KHD Shares are free from any
rights and claims of third parties and are not subject to any restrictions on
disposal at the time of transfer of title to the Bidders.
All declarations, instructions, warranties, orders, powers of attorney and authorisations listed
in Section 13.3(a) to 13.3(c) above are granted or issued irrevocably by the accepting KHD
Shareholders to ensure the smooth and rapid settlement of this Offer. They will only expire in
the case of a valid withdrawal from the agreement entered into through acceptance of this
Offer or if the Offer Condition mentioned in Section 12.1 of this Offer Document remains
ultimately unfulfilled. KHD Shareholders which do not irrevocably grant or issue the
declarations, instructions, warranties, orders, powers of attorney and authorisations listed in
Section 13.3(a) to 13.3(c) will be treated as if they had not accepted the Offer.
13.4
Legal consequences of acceptance
Upon acceptance of this Takeover Offer, the Bidders as joint and several debtors and the
accepting KHD Shareholder enter into a sale and transfer agreement in accordance with the
provisions of this Offer Document regarding the number of the Tendered KHD Shares tendered
by the accepting KHD Shareholder, whereby the ownership of all Tendered KHD Shares is
transferred to the Bidders. This agreement and its interpretation will be exclusively subject to
German law. Upon transfer of the title to the shares, all rights ancillary rights, which are
associated with these shares, existing at the time of settlement of this Offer, in particular the
dividend rights from 1 January 2013, will be transferred to the Bidders. Moreover, each KHD
Shareholder accepting the Offer will irrevocably make the declarations and warranties
mentioned in Section 13.3 of this Offer Document and will irrevocably issue or grant the
instructions, orders, authorisations and powers of attorney mentioned in Section 13.3 of this
Offer Document. If the Offer Condition set out in Section 12.1 is not satisfied, the Takeover
Offer and the agreements that are concluded by accepting the Takeover Offer, will not become
effective, and an unwinding pursuant to Section 13.11 will be effected.
35
13.5
Settlement of the Offer during the Acceptance Period and receipt of consideration
The Offer Price for the Tendered KHD Shares will be transferred to the Custodian Bank of the
KHD Shareholder which accepted the Offer, no earlier than on the fourth and no later than on
the eighth Banking Day after the end of the Acceptance Period and the fulfilment of the Offer
Condition described in Section 12.1 of this Offer Document, into the account of the relevant
Custodian Bank at Clearstream Banking AG. If the Offer Condition mentioned under Section
12.1 is only fulfilled when the Acceptance Period has expired, the Offer Price will be paid to
the Custodian Banks no earlier than on the fourth and no later than on the eighth Banking Day
following the day on which the Bidders publish the fulfilment of the aforementioned Offer
Condition on the internet under www.avicgo1.de and in the Federal Gazette (Bundesanzeiger).
The Offer Price owed by the Bidders to the respective KHD Shareholder will be paid in
accordance with the terms and conditions of this Offer into the account of the Custodian Bank
of the KHD Shareholder which accepted the Offer at Clearstream Banking AG concurrently
against the re-booking of the Tendered KHD Shares and the Subsequently Tendered KHD
Shares to the securities deposit account of Bankhaus Neelmeyer at Clearstream Banking AG
for the purpose of transferring these shares to the Bidders.
Payment of the Offer Price and settlement of the Offer may be delayed until 31 March 2014
due to the merger clearance procedure which must be carried out (see Section 11). Moreover,
final non-fulfilment of the Offer Condition may result in the Offer becoming unavailable.
The Bidders have fulfilled the obligation to pay the Offer Price to the respective
KHD Shareholder by crediting the respectively owed Offer Price to the account of the
respective Custodian Bank at Clearstream Banking AG. The Custodian Bank is responsible for
allocating the respectively owed Offer Price to the account of the accepting KHD Shareholder.
13.6
Acceptance of the Offer within a Possibly Extended Acceptance Period
The information regarding the execution of the Offer described above applies accordingly to
the acceptance of the Offer within a possibly extended Acceptance Period, as described in
Section 4.4.
13.7
Acceptance of the Offer within the Additional Acceptance Period
Acceptance of the Offer within the Additional Acceptance Period is also subject to the
provisions of this Offer Document, in particular the provisions of Section 13. Accordingly,
acceptance of the Offer by the KHD Shareholders during the Additional Acceptance Period may
only be effective if:
(a)
a Declaration of Acceptance is made in accordance with Sections 13.2 and 13.3; and
(b)
the KHD Shares, for which the Offer is accepted in accordance with the terms and
conditions of this Offer Document within the Additional Acceptance Period
(Subsequently Tendered KHD Shares) have been re-booked in time to
ISIN DE000A1YDET2 (WKN A1Y DET) at Clearstream Banking AG. Re-booking will be
effected by the Custodian Bank after receipt of the Declaration of Acceptance.
If the Declaration of Acceptance has been made to the Custodian Bank within the Additional
Acceptance Period, the re-booking of the KHD Shares to ISIN DE000A1YDET2
(WKN A1Y DET) at Clearstream Banking AG shall be deemed to have occurred in due time if it
has occurred by no later than 18:00 on the second Banking Day after the end of the Additional
Acceptance Period.
36
The Offer Price for the Subsequently Tendered KHD Shares will be transferred to the
Custodian Bank of the KHD Shareholder which accepted the Offer, no earlier than on the
fourth and no later than on the eighth Banking Day after the end of the Additional Acceptance
Period and the fulfilment of the Offer Condition described in Section 12.1 of this Offer
Document, into the account of the relevant Custodian Bank at Clearstream Banking AG. If the
Offer Condition mentioned under Section 12.1 is only fulfilled when the Additional Acceptance
Period has expired, the Offer Price will be paid to the Custodian Banks no earlier than on the
fourth and no later than on the eighth Banking Day following the day on which the Bidders
publish the fulfilment of the aforementioned Offer Condition on the internet under
www.avicgo1.de and in the Federal Gazette (Bundesanzeiger).
Payment of the Offer Price and settlement of the Offer may be delayed until 31 March 2014
due to the merger clearance procedure which must be carried out (see Section 11). Moreover,
final non-fulfilment of the Offer Condition may result in the Offer becoming unavailable.
KHD Shareholders which want to accept the Offer within the Additional Acceptance Period
should address any questions to their Custodian Bank.
13.8
Costs and Charges
Acceptance of the Offer via a Custodian Bank with registered office in Germany (including a
German branch of a foreign bank) will essentially be free of charge and costs for the KHD
Shareholders, except for costs for transmitting the Declaration of Acceptance to the respective
Custodian Bank as well as fees from foreign Custodian Banks and other fees and expenses
such as foreign stock exchange, sales or note taxes which may result from the acceptance of
the Offer. They must be borne by the KHD Shareholders which accept this Offer.
In the case of a reverse settlement due to non-fulfilment of the Offer Condition, re-booking for
KHD Shareholders which hold their KHD Shares with a Custodian Bank in Germany, is also
free of charge and costs.
13.9
Stock exchange trading with Tendered and Subsequently Tendered KHD Shares
The Tendered KHD Shares with ISIN DE000A1YDES4 (WKN A1Y DES) can presumably be
traded on the Regulated Market (General Standard) of the Frankfurt Stock Exchange from the
second Banking Day following the beginning of the Acceptance Period until the end of the
Acceptance Period or, if the Offer Condition pursuant to Section 12.1 has not been fulfilled at
this date, by no later than the third Banking Day prior to the settlement of the Offer. If nonfulfilment of an Offer Condition has occurred, stock exchange trading will presumably be
suspended at the end of the day on which the relevant publication pursuant to Section 12.4 is
made.
The Subsequently Tendered KHD Shares will presumably be re-booked to ISIN
DE000A1YDET2 (WKN A1Y DET) three Banking Days after the end of the Additional
Acceptance Period and will be included in the listing under this ISIN, if the Offer Condition
described in Section 12.1 has not been fulfilled by the end of the Additional Acceptance Period.
Trading of the Subsequently Tendered KHD Shares will then presumably be suspended no
later than three Banking Days before executing the Offer.
The Bidders point out that the trading volume of the Tendered KHD Shares or the
Subsequently Tendered KHD Shares may be low and very volatile. Persons acquiring Tendered
KHD Shares or Subsequently Tendered KHD Shares will assume all rights and obligations of
the respective seller under the agreement entered into by accepting the Offer with regard to
the Tendered KHD Shares or Subsequently Tendered KHD Shares. KHD Shares which have not
been tendered can still be traded under ISIN DE0006578008 (WKN 657800).
37
13.10
Right to Withdraw
KHD Shareholders which have accepted the Offer have the right under certain prerequisites to
withdraw from accepting the Offer. With regard to the exercising and legal consequences of
the right of withdrawal, reference is made to Section 16.
13.11
Unwinding in the event of non-satisfaction of the Offer Condition
Information regarding an unwinding if the Offer Condition is not satisfied can be found in
Section 16.
13.12
Acquisition of KHD Shares outside of the Takeover Offer and publication obligation
Except for the transactions described in this Offer Document (in particular the Option
Agreements and the Share Purchase Agreements), the Bidders and the Persons Acting in
Concert with the Bidders do not currently intend to directly or indirectly acquire KHD Shares
outside of the Offer via the stock exchange or over the counter. Should the Bidders or Persons
Acting in Concert with the Bidders nevertheless acquire KHD Shares outside of the tender
procedure, following publication of the Offer Document and prior to the last publication of the
received Declarations of Acceptance of this Offer, pursuant to Section 23, para. 1, sentence 1,
no. 2 WpÜG, the number of acquired shares and the amount of the voting shares as well as
the type and amount of consideration granted for each share will be published without delay,
pursuant to Section 14, para. 3, sentence 1 WpÜG, on the internet under www.avicgo1.de and
in the Federal Gazette (Bundesanzeiger). Moreover, BaFin will be informed pursuant to Section
14, para. 3, sentence 2 WpÜG.
13.13
Storing of documents
KHD Shareholders which have accepted the Offer as well as the Custodian Bank should
carefully store the documents regarding the acceptance of the Offer.
14.
EXPECTED CONSEQUENCES OF A SUCCESSFUL OFFER ON THE ASSETS, FINANCIAL
AND EARNINGS POSITION OF THE BIDDERS AND OF THE AVIC INTERNATIONAL
GROUP
The following statements regarding the expected consequences of the Takeover Offer on the
assets, financial and earnings position of the Bidders and of AVIC International and its direct
and indirect subsidiaries (together "AVIC International Group") are forward-looking
statements. The assessment of the future assets, financial and earnings position of the
Bidders and AVIC International Group is based on the specific assumptions described below,
which may only partly occur or not occur at all. Therefore, the information may deviate
considerably from the future actual financial results and consequences of the Takeover Offer
on the Bidders and on AVIC International Group.
The Bidders expressly point out that the following information regarding the balance sheets
and/or the profits are simplified balance sheets or simplified income statements. The following
assumptions and descriptions have not been audited or verified by an auditor. This is
unverified information.
14.1
Status quo, Assumptions, Information
The following explanations and forward-looking statements regarding the expected
consequences of a successful Offer on the assets, financial and earnings position of the
Bidders and of AVIC International Group, are based on the following assumptions:
38
(a)
Status quo
(i)
AVIC Engineering
AVIC Engineering was incorporated with a share capital in the amount of EUR 1.
Its financial year is the calendar year ending on 31 December. The first financial
year is a short financial year and begins on 24 April 2013 (date of
incorporation). The annual financial statements are prepared in accordance with
the Singapore Financial Reporting Standards ("FRS"). From the time of its
formation until the publication of this Offer Document, AVIC Engineering has not
engaged in any further material business activities except for the activities in
connection with its formation, preparation of the Offer Document, conclusion of
agreements described in this Offer Document, securing the financing of the
Takeover Offer and holding and managing its own assets and therefore has not
generated any income or turnover. Therefore, neither audited balance sheets
nor profit and loss statements or management accounts of AVIC Engineering are
available. Unaudited financial information of AVIC Engineering is used to show
the consequences of the Offer on the annual financial statements of AVIC
Engineering.
(ii)
Europe Project Management was incorporated with a share capital in the amount
of EUR 1. Its financial year is the calendar year ending on 31 December. The
first financial year is a short financial year and begins on 13 September 2013
(date of incorporation). The annual financial statements are prepared in
accordance with FRS. From the time of its formation until the publication of this
Offer Document, Europe Project Management has not engaged in any material
business activities except for the activities in connection with its formation,
preparation of the Offer Document, conclusion of agreements described in this
Offer Document, securing the financing of the Takeover Offer and holding and
managing its own assets and therefore has not generated any income or
turnover. Therefore, neither audited balance sheets nor profit and loss
statements or management accounts of Europe Project Management are
available. Unaudited financial information of Europe Project Management is used
to show the consequences of the Offer on the annual financial statements of
Europe Project Management.
(iii)
Europe Technology
Europe Technology was incorporated with a share capital in the amount of
EUR 1. Its financial year is the calendar year ending on 31 December. The first
financial year is a short financial year and begins on 13 September 2013 (date of
FRS. From the time of its formation until the publication of this Offer Document,
Europe Technology has not engaged in any material business activities except
for the activities in connection with its formation, preparation of the Offer
Document, conclusion of agreements described in this Offer Document, securing
the financing of the Takeover Offer and holding and managing its own assets
and therefore has not generated any income or turnover. Therefore, neither
audited balance sheets nor profit and loss statements or management accounts
of Europe Technology are available. Unaudited financial information of Europe
Technology is used to show the consequences of the Offer on the annual
financial statements of Europe Technology.
39
(iv)
Europe Engineering
Europe Engineering was incorporated with a share capital in the amount of
EUR 1. Its financial year is the calendar year ending on 31 December. The first
financial year is a short financial year and begins on 13 September 2013 (date of
FRS. From the time of its formation until the publication of this Offer Document,
Europe Engineering has not engaged in any material business activities except
for the activities in connection with its formation, preparation of the Offer
Document, conclusion of agreements described in this Offer Document, securing
the financing of the Takeover Offer and holding and managing its own assets
and therefore has not generated any income or turnover. Therefore, neither
audited balance sheets nor profit and loss statements or management accounts
of Europe Engineering are available. Unaudited financial information of Europe
Engineering is used to show the consequences of the Offer on the annual
financial statements of Europe Engineering.
(v)
KHD Shares held by the Bidders or Persons Acting in Concert with the Bidders
The Bidders currently do not directly hold any KHD Shares. Persons Acting in
Concert with the Bidders currently hold 9,940,715 KHD Shares corresponding to
approximately 20 per cent of KHD's total share capital and approximately 20.09
per cent of KHD's voting capital10.
(b)
(c)
Assumptions
(i)
Under this Offer, the Bidders will acquire all 39,762,858 KHD Shares which are
not held by Max Glory (approximately 80 per cent of the KHD Shares and
approximately 80 per cent of the total share capital of KHD) at the Offer Price of
EUR 6.45 per KHD Share, i.e. for a total price of approximately
EUR 256.5 million;
(ii)
The Bidders will bear Transaction Costs in the amount of EUR 3.5 million which
are to be treated as expenses by the Bidders;
(iii)
The acquisition of the KHD Shares will be financed through the cash resources
and Shareholder Loans described in Section 10.2;
(iv)
Apart from the intended acquisition of the KHD Shares under this Offer, no other
effects on the assets, financial and earnings position of the Bidders and of AVIC
International Group, which may arise in the future, have to be taken into
account;
(v)
The financing measures described in Section 10 to acquire the KHD Shares, have
been implemented accordingly.
Information
The Bidders point out that the consequences of the takeover of KHD on the future assets,
financial and earnings position of the Bidders and of AVIC International Group cannot be
precisely forecast at present. In particular, this is due to the following reasons:
10
40
14.2
(i)
the actual amount of the total funding necessary for this Offer is inter alia
dependent on the actual number of KHD Shares acquired by the Bidders by
means of this Offer;
(ii)
the exact amount of the Transaction Costs will not be certain until the
transaction has been completed;
(iii)
the actual amount of the total funding is relevant for the ratio of equity financing
to debt financing, which is only determined when this Offer is completed, since
other factors have to be considered which are not foreseeable at the time this
Offer Document is published, such as exchange rates or the development of
interest rates. The calculation in this respect is, therefore, based on the best
possible estimates of the Bidders; and
(iv)
for the sake of simplicity, tax effects on the Bidders and on AVIC International
Group were not taken into account.
Expected effects on the assets, financial and earnings position of the Bidders
The following presentation of the expected effects on the assets, financial and earnings
position of the Bidders is subject to the assumption that the Bidders acquire all remaining
39,762,858 KHD Shares which are not held by Max Glory (approximately 80 per cent of the
total share capital of KHD). It is assumed that the acquired KHD Shares are transferred to the
Bidders and Transaction Costs are divided between the Bidders as follows:
Number of KHD
Shares
Share in total
share capital
(rounded)
Share in
the voting
capital
(rounded)(**)
10,956,353(*)
22.05%
22.15 %
964,398
11,000,000
22.13%
22.23 %
968,240
Europe Technology
9,500,000
19.11%
19.20 %
836,208
Europe Engineering
8,306,505
16.71%
16.79 %
731,154
AVIC Engineering
Europe Project
Management
(*)
Transaction
Costs in EUR
Including KHD Shares acquired under the Share Purchase Agreements.
(**)
The abovementioned division is based on the internal agreement of the Bidders contained in
the Voting Agreement which does not affect the joint and several liability of the Bidders under
this Offer. The internal division between the Bidders will only be made after this Offer has
been settled, i.e. in particular after the Offer Price owed by the Bidders to the respective KHD
Shareholder has been paid into the account of the Custodian Bank of the KHD Shareholder
which accepted the Offer at Clearstream Banking AG concurrently against the re-booking of
the Tendered KHD Shares and the Subsequently Tendered KHD Shares to the securities
deposit account of Bankhaus Neelmeyer at Clearstream Banking AG for the purpose of
transferring these shares to the Bidders. Accordingly, the Bidders opened a joint settlement
account at Bankhaus Neelmeyer for this purpose.
41
However, it is theoretically possible that all acquired KHD Shares are transferred to one of the
Bidders only and that this Bidder alone covers the expected Transaction Costs. Therefore, the
following presentation of the expected effects on the assets, financial and earnings position of
the Bidders takes into account both the division foreseen in the Voting Agreement and the
total obligation of each individual Bidder. If an assumption is made in the following with
regard to Europe Project Management, Europe Technology and Europe Engineering that all
acquired KHD Shares are transferred, the implication is that this also includes KHD Shares of
the Selling Shareholders.
(a)
AVIC Engineering
(i)
Expected effects on the balance sheet of AVIC Engineering
The balance sheet of AVIC Engineering will hereinafter be presented as it was at
the beginning, after funding and after a successful completion of the Takeover
Offer. It must be taken into account in this context that AVIC Engineering, since
its foundation on 24 April 2013 and up to the publication of this Offer Document
has not generated any substantial turnover or income.
(A)
(B)
Assuming that (1) this Offer is accepted entirely by all KHD Shareholders,
other than Max Glory and the Selling Shareholders, on the basis of the
current share capital, (2) the Share Purchase Agreements are completed,
(3) 10,956,353 KHD Shares (thereof 9,456,353 KHD Shares acquired
pursuant to the Share Purchase Agreements and 1,500,000 KHD Shares
acquired pursuant to the Offer) are transferred to AVIC Engineering and
(4) the amount of EUR 964,398, which is required pro rata from AVIC
Engineering to cover the expected Transaction Costs, is paid immediately
following completion of the Takeover Offer, the executed Offer would
have, according to AVIC Engineering's estimates and based on IFRS, the
following effects:
(aa)
the total assets and total equity, reserves and liabilities of AVIC
Engineering are increased from approximately EUR 1 by
approximately EUR 70.7 million to approximately EUR 70.7 million
(excluding Transaction Costs) or from approximately EUR 1 by
(including Transaction Costs), respectively; and
(bb)
the investments of AVIC Engineering are increased from EUR 0 by
(whereby this increase is the result of a capitalisation of the
consideration of approximately EUR 70.7 million paid for the KHD
Shares).
Assuming that (1) this Offer is accepted entirely by all KHD Shareholders,
other than Max Glory and the Selling Shareholders, on the basis of the
current share capital, (2) the Share Purchase Agreements are completed,
(3) 39,762,858 KHD Shares (thereof 9,456,353 KHD Shares acquired
pursuant to the Share Purchase Agreements and the remaining KHD
Shares acquired pursuant to the Offer) are transferred to AVIC
Engineering and (4) the amount of EUR 3.5 million, which is required to
cover all expected Transaction Costs, is paid immediately following
completion of the Takeover Offer, the executed Offer would have,
according to AVIC Engineering's estimates and based on IFRS, the
following effects:
42
(aa)
the total assets and total equity, reserves and liabilities of AVIC
approximately EUR 256.5 million to approximately EUR 256.5
million (excluding Transaction Costs), or from approximately EUR 1
by
approximately
EUR 260.0 million
to
approximately
EUR 260.0 million (including Transaction Costs), respectively; and
(bb)
the investments of AVIC Engineering are increased from EUR 0 by
million (whereby this increase is the result of a capitalisation of the
Shares).
Illustration: Simplified, unaudited single-entity balance sheet of AVIC Engineering
In EUR
Assets
Status quo
After Funding
After Takeover Offer
(assuming transfer of
10,956,353 KHD Shares
to AVIC Engineering)(*)
to AVIC Engineering)(*)
Fixed assets
Investments
(KHD Shares)
70,668,477
256,470,434
Current assets
Cash and cash
equivalents
1
71,632,876
1
-
Total assets
1
71,632,876
70,668,478
256,470,434
1
71,632,876
71,632,876
259,970,434
(964,398)
(3,500,000)
70,668,478
256,470,434
Equity, reserves
and liabilities
Equity
Reserves
Total equity,
reserves and
liabilities
(*)
1
71,632,876
Including KHD Shares acquired under the Share Purchase Agreements
(ii)
Expected effects on the earnings position of AVIC Engineering
The following is an overview of the expected earnings position of AVIC
Engineering. It must be taken into account in this respect that since its
foundation and up to the publication of this Offer Document, AVIC Engineering
has not engaged in any material business activities except for the activities in
the agreements described in this Offer Document, securing financing of the
Takeover Offer and holding and managing its own assets. Following a successful
43
execution of this Offer, the following factors will presumably have an effect on
the earnings position of AVIC Engineering.
In the future, the earnings of AVIC Engineering will mainly comprise income
from dividend payments of KHD. The amount of the future dividend payments
cannot be clearly stated. However, it is expected that if the dividend payments
of KHD remain at the same level as in the financial year 2012, the income from
dividends will be approximately EUR 986,072 per annum (assuming transfer of
10,956,353 KHD Shares (including KHD Shares acquired under the Share
Purchase Agreements) to AVIC Engineering) or approximately EUR 3.6 million
per annum (assuming transfer to AVIC Engineering of all KHD Shares which are
not held by Max Glory).
AVIC Engineering will mainly incur future administrative costs.
(b)
(i)
Expected effects on the balance sheet of Europe Project Management
The balance sheet of Europe Project Management will hereinafter be presented
as it was at the beginning, after funding and after a successful completion of the
Takeover Offer. It must be taken into account in this context that Europe Project
Management, since its foundation on 13 September 2013 and up to the
publication of this Offer Document has not generated any substantial turnover or
income.
(A)
(B)
Assuming that (1) this Offer is accepted entirely by all KHD Shareholders
other than Max Glory and the Selling Shareholders on the basis of the
current share capital, (2) 11,000,000 KHD Shares are transferred to
Europe Project Management and (3) the amount of EUR 968,240, which is
required pro rata from Europe Project Management to cover the expected
Transaction Costs, is paid immediately following completion of the
Takeover Offer, the executed Offer would have, according to Europe
Project Management's estimates and based on IFRS, the following effects:
(aa)
the total assets and total equity, reserves and liabilities of Europe
Project Management are increased from approximately EUR 1 by
(bb)
the investments of Europe Project Management are increased from
EUR 0 by approximately EUR 71.0 million to approximately
EUR 71.0 million (whereby this increase is the result of a
capitalisation of the consideration of approximately EUR 71.0
million paid for the KHD Shares).
other than Max Glory on the basis of the current share capital, (2)
39,762,858 KHD Shares (including the KHD Shares of the Selling
Shareholders) are transferred to Europe Project Management and (3) the
amount of EUR 3.5 million, which is required to cover all expected
44
Project Management's estimates and based on IFRS, the following effects:
(aa)
Project Management are increased from approximately EUR 1 by
million (excluding Transaction Costs) or from approximately EUR 1
by
approximately
EUR 260.0 million
to
approximately
(bb)
the investments of Europe Project Management are increased from
EUR 0 by approximately EUR 256.5 million to approximately
Illustration: Simplified, unaudited single-entity balance sheet of Europe Project
Management
In EUR
Assets
Status quo
After Funding
to Europe Project
Management)
39,762,858 KHD Shares to
Europe Project
Management)(*)
70,950,000
256,470,434
Fixed assets
Investments
(KHD Shares)
Current assets
Cash and cash
equivalents
1
71,918,240
1
-
Total assets
1
71,918,240
70,950,001
256,470,434
1
1
(968,240)
(3,500,000)
71,918,240
71,918,240
259,970,433
71,918,240
70,950,001
256,470,434
Equity, reserves and
liabilities
Equity
1
Reserves
Shareholder loans
Total equity, reserves
and liabilities
(*)
1
Including KHD Shares of the Selling Shareholders
(ii)
Expected effects on the earnings position of Europe Project Management
The following is an overview of the expected earnings position of Europe Project
Management. It must be taken into account in this respect that since its
45
foundation and up to the publication of this Offer Document, Europe Project
Management has not engaged in any material business activities except for the
activities in connection with its formation, preparation of the Offer Document,
conclusion of the agreements described in this Offer Document, securing
financing of the Takeover Offer and holding and managing its own assets.
Following a successful execution of this Offer, the following factors will
presumably have an effect on the earnings position of Europe Project
Management:
(A)
(B)
In the future, earnings of Europe Project Management will mainly
comprise income from dividend payments of KHD. The amount of the
future dividend payments cannot be clearly stated. However, it is
expected that if the dividend payments of KHD remain at the same level
as in the financial year 2012, the income from dividends will be:
(aa)
approximately EUR 990,000 per annum (assuming transfer of
11,000,000 KHD Shares to Europe Project Management), or
(bb)
approximately EUR 3.6 million per annum (assuming transfer to
Europe Project Management of all KHD Shares which are not held
by Max Glory, including KHD Shares of the Selling Shareholders).
Europe Project Management's expense will mainly involve interest
payments on the granted Shareholder Loan in the amount equal to the 6Months-EURIBOR plus 2.4% per annum, which will be due 24 months
after disbursement, but no later than on 31 March 2016. Assuming 6Months-EURIBOR in the amount of 0.319%, the interest expense for the
calendar year 2014 is expected to amount to
(aa)
approximately EUR 1,955,457 (assuming transfer of 11,000,000
KHD Shares to Europe Project Management), or
(bb)
approximately EUR 7,068,596 (assuming transfer to Europe
Project Management of all KHD Shares which are not held by Max
Glory, including KHD Shares of the Selling Shareholders).
In addition, there will be future administrative costs.
(c)
Europe Technology
(i)
Expected effects on the balance sheet of Europe Technology
The balance sheet of Europe Technology will hereinafter be presented as it was
at the beginning, after funding and after a successful completion of the Takeover
Offer. It must be taken into account in this context that Europe Technology,
since its foundation on 13 September 2013 and up to the publication of this
Offer Document has not generated any substantial turnover or income.
(A)
Europe Technology and (3) the amount of EUR 836,208, which is required
pro rata from Europe Technology to cover the expected Transaction
Costs, is paid immediately following completion of the Takeover Offer, the
46
executed Offer would have, according to Europe Technology's estimates
and based on IFRS, the following effects:
(B)
(aa)
Technology are increased from approximately EUR 1 by
(bb)
the investments of Europe Technology are increased from EUR 0
by approximately EUR 61.3 million to approximately EUR 61.3
Shares).
39,762,858 KHD Shares (including KHD Shares of the Selling
Shareholders) are transferred to Europe Technology and (3) the amount
of EUR 3.5 million, which is required to cover all expected Transaction
executed Offer would have, according to Europe Technology's estimates
(aa)
Technology are increased from approximately EUR 1 by
by
approximately
EUR
260.0
million
to
approximately
(bb)
the investments of Europe Technology are increased from EUR 0
by approximately EUR 256.5 million to approximately to EUR 256.5
Shares).
47
Illustration: Simplified, unaudited single-entity balance sheet of Europe Technology
In EUR
Assets
Status quo
After Funding
to Europe Technology)
39,762,858 KHD Shares to
Europe Technology)(*)
Fixed assets
Investments
(KHD Shares)
61,275,000
256,470,434
Current assets
Cash and cash
equivalents
1
62,111,208
1
-
Total assets
1
62,111,208
61,275,001
256,470,434
1
1
(836,208)
(3,500,000)
62,111,208
62,111,208
259,970,433
62,111,208
61,275,001
256,470,434
liabilities
Equity
1
Reserves
Shareholder loans
and liabilities
(*)
1
(ii)
Expected effects on the earnings position of Europe Technology
The following is an overview of the expected earnings position of Europe
Technology. It must be taken into account in this respect that since its
foundation and up to the publication of this Offer Document, Europe Technology
the earnings position of Europe Technology.
(A)
In the future, earnings of Europe Technology will mainly comprise income
from dividend payments of KHD. The amount of the future dividend
payments cannot be clearly stated. However, it is expected that if the
dividend payments of KHD remain at the same level as in the financial
year 2012, the income from dividends will be:
(aa)
9,500,000 KHD Shares to Europe Technology); or
48
(bb)
(B)
Europe Technology of all KHD Shares which are not held by Max
Glory, including the KHD Shares of the Selling Shareholders).
Europe Technology's expense will mainly involve interest payments on the
granted Shareholder Loan in the amount equal to the 6-Months-EURIBOR
plus 2.4% per annum, which will be due 24 months after disbursement,
but no later than on 31 March 2016. Assuming 6-Months-EURIBOR in the
amount of 0.319%, the interest expense for the calendar year 2014 is
expected to amount to:
(aa)
KHD Shares to Europe Technology); or
(bb)
Technology of all KHD Shares which are not held by Max Glory,
including KHD Shares of the Selling Shareholders).
(d)
Europe Engineering
(i)
Expected effects on the balance sheet of Europe Engineering
The balance sheet of Europe Engineering will hereinafter be presented as it was
at the beginning, after funding and after a successful completion of the Takeover
Offer. It must be taken into account in this context that Europe Engineering,
since its foundation on 13 September 2013 and up to the publication of this
Offer Document, has not generated any substantial turnover or income.
(A)
(B)
Europe Engineering and (3) the amount of EUR 731,154, which is
required pro rata from Europe Engineering to cover the expected
Engineering's estimates and based on IFRS, the following effects:
(aa)
(bb)
the investments of Europe Engineering are increased from EUR 0
by approximately EUR 53.6 million to approximately EUR 53.6
Shares).
39,762,858 KHD Shares (including KHD Shares of the Selling
49
Shareholders) are transferred to Europe Engineering and (3) the amount
of EUR 3.5 million, which is required to cover all expected Transaction
executed Offer would have, according to Europe Engineering's estimates
(aa)
by
approximately
EUR 260.0 million
to
approximately
(bb)
the investments of Europe Engineering are increased from EUR 0
by
approximately
EUR 256.5
million
to
approximately
Illustration: Simplified, unaudited single-entity balance sheet of Europe Engineering
In EUR
Assets
Status quo
After Funding
8,306,505 KHD
Shares to Europe
Engineering)
39,762,858 KHD
Shares to Europe
Engineering)(*)
53,576,957
256,470,434
Fixed assets
Investments
(KHD Shares)
Current assets
Cash and cash
equivalents
1
54,308,111
1
-
Total assets
1
54,308,111
53,576,958
256,470,434
1
1
(731,154)
(3,500,000)
54,308,111
54,308,111
259,970,433
54,308,111
53,576,958
256,470,434
liabilities
Equity
1
Reserves
Shareholder loans
and liabilities
(*)
1
50
(ii)
Expected effects on the earnings position of Europe Engineering
The following is an overview of the expected earnings position of Europe
Engineering. It must be taken into account in this respect that since its
foundation and up to the publication of this Offer Document, Europe Engineering
the earnings position of Europe Engineering.
(A)
(B)
In the future, earnings of Europe Engineering will mainly comprise income
from dividend payments of KHD. The amount of the future dividend
payments cannot be clearly stated. However, it is expected that if the
dividend payments of KHD remain at the same level as in the financial
year 2012, the income from dividends will be:
(aa)
8,306,505 KHD Shares to Europe Engineering); or
(bb)
Europe Engineering of all KHD Shares which are not held by Max
Glory, including KHD Shares of the Selling Shareholders).
Europe Engineering's expense will mainly involve interest payments on
the granted Shareholder Loan in the amount equal to the 6-MonthsEURIBOR plus 2.4% per annum, which will be due 24 months after
disbursement, but no later than on 31 March 2016. Assuming 6-MonthsEURIBOR in the amount of 0.319% the interest expense for the calendar
year 2014 is expected to amount to:
(aa)
KHD Shares to Europe Engineering); or
(bb)
Engineering of all KHD Shares which are not held by Max Glory,
including KHD Shares of the Selling Shareholders).
14.3
AVIC International Group
The following information has been exclusively compiled to fulfil the statutory obligations in
connection with this Takeover Offer. Since the financial information presented below has been
compiled on the basis of assumptions and reservations, it does not accurately give a true and
fair view of the actual assets, financial and earnings position of AVIC International Group.
Therefore, it should only be read together with the published consolidated financial statements
of AVIC International Group. Furthermore, it is pointed out that it is currently not possible to
accurately predict the consequences of an acquisition of the KHD Shares on the future assets,
financial and earnings position of AVIC International Group. Consequently, the financial risks
or future results of AVIC International Group following completion of the overall transaction
may deviate from the future risks or future results presented in Section 14 of this Offer
Document.
51
The following presentation of the consequences on the assets, financial and earnings position
of AVIC International Group is based on the assumption that (1) the Bidders acquire all
outstanding 39,762,858 KHD Shares which are not held by Max Glory (approximately 80% of
the total share capital of KHD), (2) the amount of approximately EUR 3.5 million, which is
required to cover the expected overall Transaction Costs, is paid immediately following
completion of the Takeover Offer and (3) all shares in Bright Horizon, Maystar Capital and
Westley Global, and thus indirectly also the KHD Shares acquired by Bidders Europe Project
Management, Europe Technology and Europe Engineering, are transferred to Golden
Prosperity following completion of the Offer in accordance with the Option Agreements (see
Section 5.6).
(a)
Expected effects on the consolidated balance sheet of AVIC International Group
Based on selected financial information in the unaudited consolidated financial
statements of AVIC International Group as at 30 June 2013, which have been prepared
by AVIC International Group in accordance with IFRS, the completion of this Offer and
the Option Agreements would have, according to AVIC International's estimates and
based on IFRS, the following effects:
(i)
the total assets and total equity, reserves and liabilities of AVIC International
Group are increased from approximately EUR 5,311 million by approximately
EUR 193 million to approximately EUR 5,504 million;
(ii)
the investments of AVIC International Group are decreased from approximately
EUR 525 million by approximately EUR 49 million to approximately EUR 476
million (whereby this decrease is the result of the fact that Max Glory's KHD
investment will no longer be treated as an investment in an associated
company, as KHD will become a subsidiary upon the assumed completion of this
Offer and the Option Agreements, and therefore be eliminated on consolidation);
(iii)
the goodwill of AVIC International Group is increased from approximately
EUR 53 million by approximately EUR 85 million to approximately EUR 138
million.
52
Illustration: Simplified, unaudited consolidated balance sheet of AVIC International Group
In thousand EUR
Assets
Status quo
Fixed assets
Investments
Goodwill
Other non-current assets
After Takeover Offer and completion of
the Option Agreements
1,302,640
525,273
52,832
612,076
1,305,328
475,980
138,407
620,235
678,918
2,139,250
5,310,989
672,882
2,291,455
5,504,287
649,415
321,687
513,175
3,826,712
5,310,989
649,415
318,187
514,127
4,022,558
5,504,287
Current assets
Cash and cash equivalents
Other current assets
Total assets
Equity, reserves and liabilities
Equity
Reserves
Non-controlling interests
Total liabilities
Total equity, reserves and liabilities
(b)
Expected effects on the earnings position of AVIC International Group
As the Offer and the Option Agreements are not expected to be completed in the
financial year 2013, it is expected that they will not have any actual impact on the
results of AVIC International Group for the financial year 2013. For the purposes of the
following overview of the expected earnings position of AVIC International Group, it is
assumed that this Offer and the Option Agreements were already completed at the
beginning of the financial year 2013. The following factors will presumably have an
effect on the earnings position of AVIC International Group.
(i)
The effects of the indirect acquisition of all outstanding 39,762,858 KHD Shares
on the consolidated earnings depend on the earnings of KHD Group as it will be
consolidated as a subsidiary. Such earnings are uncertain. Based on the
assumption that KHD Group's future earnings after tax will be the same as for
the financial year 2012 (i.e. approximately EUR 6.9 million) and AVIC
International Group's after tax profit will remain the same as for the financial
year 2012 (i.e. approximately EUR 117.9 million), this would result in an after
tax profit of AVIC International Group of approximately EUR 123.4 million for the
financial year 2013.
(ii)
Furthermore, interest expenses for the loans granted by ICBC Asia to Bright
Horizon, Maystar Capital and Westley Global are to be taken into account. The
interest expense will be equal to the 6-Months-EURIBOR plus 2.4% per annum
Assuming 6-Months-EURIBOR in the amount of 0.319% the interest expense for
the calendar year 2014 is expected to amount to approximately EUR 7,068,596.
Future administrative costs have not been taken into account.
53
Based on the above assumptions, the indirect acquisition of all outstanding 39,762,858
KHD Shares will result in a decrease of AVIC International Group's annual result before
tax for the financial year 2013 in the amount of approximately EUR 1.55 million.
15.
POSSIBLE CONSEQUENCES FOR KHD SHAREHOLDERS WHICH DO NOT ACCEPT THE
OFFER
KHD Shareholders which do not intend to accept this Offer will remain shareholders of KHD.
However, they should consider the following potential consequences, should this Offer be
executed successfully:
15.1
Reduced Liquidity of the KHD Shares
KHD Shares which are not sold and transferred to the Bidders within the framework of this
Offer can still be traded on the stock exchange as long as the shares are admitted to trading
on a stock exchange. However, a successful completion of this Offer will considerably reduce
the number of KHD Shares in free float. Therefore, it cannot be excluded that the number of
KHD Shares in free float following the successful execution of this Offer will be so low that the
KHD Shares will only be traded at a considerably reduced volume or will no longer be traded
on a stock exchange ("Reduced Liquidity"). This could have the result that buying and
selling orders could not be executed or could not be executed in a timely manner. At the same
time, such a Reduced Liquidity may lead to lower market prices and extreme fluctuations of
the stock exchange price.
15.2
Stock exchange price
The current stock exchange price of the KHD Shares reflects the fact that the Bidders have
published their decision to make this Offer on 11 October 2013. It is uncertain whether the
stock exchange price of the KHD Shares will continue to stay at the current level or whether it
will rise or fall after the end of the Acceptance Period.
15.3
Structural and other important measures
If this Offer has been executed successfully, the Bidders may possibly hold a majority of KHD
Shares which could allow them to carry out various statutory structural measures.
These measures may considerably affect the tradability of the KHD Shares or the rights
pertaining to the KHD Shares.
(a)
Conclusion of inter-company agreements
If, after completion of this Offer or at a later time, the Bidders hold (together or
individually) more than 75 per cent of the voting shares of KHD represented at the
general shareholders' meeting, the respective Bidder or Bidders could initiate a
resolution for executing a domination and/or profit and loss transfer agreement
between the respective Bidder as dominant company and KHD as dominated company.
Under a domination and profit and loss transfer agreement, the respective Bidder could
issue binding instructions to the management board of KHD. In addition, KHD would be
obliged to transfer to the respective Bidder all annual net profits which would accrue
without the profit and loss transfer, minus losses carried forward and allocations to
legal reserves. The respective Bidder would be obliged to offset the annual net losses of
KHD which would occur without such a domination and profit and loss transfer
agreement and which were not offset by withdrawals from other retained earnings
formed during the term of the domination and profit and loss transfer agreement. Such
54
a domination and profit and loss transfer agreement would provide for, among others,
an obligation on the part of the respective Bidder (i) to acquire the KHD Shares of the
minority KHD Shareholders following the conclusion of a domination and profit and loss
transfer agreement at their request in exchange for fair cash compensation, and (ii) to
pay compensation to the remaining minority KHD Shareholders by making recurring
payments (guaranteed dividend). The fairness of the amount of the cash compensation
and the guaranteed dividend can be examined in an appraisal procedure. The amount
of the fair cash compensation could be equal to the Offer Price for the KHD Shares, but
could also be higher or lower.
(b)
Execution of capital increases
KHD has Authorised Capital which provides for a capital increase against contributions
in kind, while excluding the subscription rights (see Section 6.1). As a result, the
Bidders are able, following the successful execution of the Offer, to possibly carry out a
capital increase against contributions in kind from the Authorised Capital, while
granting new shares in KHD and thereby to exclude the subscription right of the further
KHD Shareholders, while adhering to further provisions under stock corporation law.
This would lead to the Bidders receiving new shares within the framework of such a
capital increase and it would thereby increase their pro rata amount of shares in KHD in
relation to the remaining KHD Shareholders. This would dilute the shares of the KHD
Shareholders in relation to the total number of KHD Shares.
(c)
Execution of a Squeeze-Out
If one of the Bidders directly or indirectly holds a number of KHD Shares which a
shareholder of a public limited company must hold according to the following provisions
in order to demand a transfer of the KHD Shares of the minority shareholders to the
principal shareholder in exchange for fair cash compensation (so-called "SqueezeOut"), it could take the measures necessary for such a Squeeze-Out of the minority
KHD Shareholders. Specifically:
The respective Bidder could demand that the general shareholders' meeting of KHD
resolves the transfer of KHD Shares of the outside KHD Shareholders to the respective
Bidder in exchange for fair cash compensation according to Sections 327a et seqq.
AktG (Squeeze-Out under stock corporation law), provided that the respective Bidder
or one of its dependent companies holds at least 95 per cent of the share capital of
KHD after completion of this Offer or at a later time. The fairness of the amount of cash
compensation can be examined in an appraisal procedure. The amount of the fair
compensation could be equal to the Offer Price for KHD Shares, but could also be
higher or lower.
If one of the Bidders holds at least 90 per cent of the share capital of KHD, it could
demand that the general shareholders' meeting of KHD resolves the transfer of KHD
Shares of the minority KHD Shareholders to the respective Bidder in exchange for fair
cash compensation according to Sections 62, para. 5 of the German Transformation Act
(Umwandlugsgesetz, "UmwG"), 327a et seqq. AktG (Squeeze-Out under
transformation law) in connection with a merger. The fairness of the amount of cash
compensation can be examined in an appraisal procedure. The amount of the fair
compensation could be equal to the Offer Price for KHD Shares, but could also be
higher or lower.
If one of the Bidders or one of its dependent companies holds at least 95 per cent of
the voting share capital of KHD after completion of this Offer, it could file a request in
court under Section 39a, para. 1, sentence 1 WpÜG, according to which the remaining
55
KHD Shares are to be transferred to it in exchange for fair compensation by court ruling
(Squeeze-Out under takeover law). A request under Section 39a WpÜG must be filed
within three months after the end of the Acceptance Period. The consideration granted
as part of this Offer is to be regarded as fair compensation, if the respective Bidder,
based on this Offer, has acquired at least 90 per cent of the shares of the share capital
affected by the Offer. If the respective Bidder is entitled to file a request under Section
39a WpÜG, KHD Shareholders which have not accepted the Offer are entitled to a right
of tender vis-à-vis the respective Bidder according to Section 39c WpÜG.
The implementation of a Squeeze-Out of the minority shareholders would result in a
termination of a stock exchange listing of KHD.
(d)
Execution of transformation law measures
Following the successful execution of the Takeover Offer, the Bidders will possibly have
a share of at least 75 per cent of the share capital of KHD. With this, the Bidders would
be in the position to implement various measures under transformation law which
require the consent of 75 per cent of the share capital represented in the resolution at
the general shareholders' meeting. In this way, the Bidders could, following the
successful execution of this Offer, as an alternative to, or subsequent to the conclusion
of an inter-company agreement, effect a change of form to a German limited liability
company (Gesellschaft mit beschränkter Haftung, GmbH) in accordance with
Section 190 et seqq., Section 226 et seq., and Section 238 et seqq. UmwG or merge
KHD with a corporate entity which is not listed, pursuant to Sections 2 et seqq., 60 et
seqq. UmwG. Within the framework of this measure, the minority shareholders could
withdraw from the company against payment of fair cash compensation. The fair
compensation may correspond to the Offer Price, but may also be higher or lower.
(e)
Execution of a Delisting
Following the successful execution of the Takeover Offer the Bidders may be in a
position to work towards the revocation of the stock exchange listing of the KHD Shares
on the Frankfurt Stock Exchange. At the request of KHD's management board the
Frankfurt Stock Exchange would commence appropriate revocation proceedings (socalled "Regular Delisting"). According to the latest case law of the Federal Court of
Justice (Bundesgerichtshof) (judgment of 8 October 2013, II ZB 26/12), regular
delisting requires neither a resolution of the shareholders' meeting nor a mandatory
offer.
In addition to Regular Delisting, the measures described under Sections 15.3(c) and
15.3(d) may also result in termination of the admission to listing on the stock exchange
ex officio, since either, as is the case in a Squeeze-Out, there is no liquidity in the
share or, as is the case in a transformation or change of form, the public limited
company no longer exists as a security issuer (so-called "Cold Delisting").
A Delisting (be it in the form of a Regular Delisting or a Cold Delisting) would have the
effect that the KHD Shareholders which have not accepted the Offer, will no longer be
able to sell their KHD Shares via a stock exchange when the admission to trading of the
KHD Shares on the stock exchange has been effectively revoked. A consequence of this
may be that KHD Shareholders will only be able to sell their shares at a discount.
(f)
Other important measures
Upon successful execution of the Offer, the Bidders will possibly have the necessary
majority in accordance with the law and the articles of association to take other
56
important measures at a general shareholders' meeting of KHD. Possible measures
include, for example, the election and dismissal of supervisory board members, the
approval of the actions of management and supervisory board members or the refusal
to approve their actions, a vote of non-confidence against the management board,
changes to the articles of association, the issuance of convertible/warrant-linked bonds
or participation rights, the creation of contingent and authorised capital, the liquidation
and disposal of all assets.
15.4
Right to Tender
If one of the Bidders, following the execution of this Offer, directly or indirectly owns at least
95 per cent of the voting share capital of KHD, KHD Shareholders which have not accepted the
Takeover Offer can still accept the Takeover Offer according to Section 39c WpÜG within three
months after the end of the Acceptance Period (the "Tender Period") and sell their KHD
Shares at the Offer Price to the respective Bidder (the "Right to Tender"). Pursuant to
Section 23, para. 1, no. 4 WpÜG, the respective Bidder will publish that it has reached the
threshold of 95 per cent of the voting share capital without delay. The Tender Period begins
once the respective Bidder has fulfilled its obligations pursuant to Section 23, para. 1, no. 4
WpÜG. The procedure for the acceptance and execution of the Offer, pursuant to Sections
13.2 and 13.3, applies accordingly to the exercise of the Right to Tender. KHD Shareholders
which intend to accept the Offer during the Tender Period should ask their Custodian Bank if
they have questions regarding the technical settlement. The Right to Tender is deemed to
have been exercised in time, if the KHD Shares have been re-booked to ISIN DE000A1YDEY2
(WKN A1Y DEY) at Clearstream Banking AG no later than on the second Banking Day after the
end of the Tender Period by 18:00.
16.
RIGHT OF WITHDRAWAL AND REVERSE SETTLEMENT
KHD Shareholders which accepted the Offer before an amendment to this Offer was published
pursuant to Section 21 para. 1 WpÜG, may withdraw, pursuant to Section 21, para. 4 WpÜG
from the share purchase agreements concluded by accepting the Offer by the end of the
Acceptance Period.
In the event of a Competing Offer pursuant to Section 22, para. 1 WpÜG, KHD Shareholders
have the right to withdraw from the share purchase agreements concluded by accepting the
Offer by the end of the Acceptance Period, if and to the extent that they have accepted this
Offer prior to the publication of the offer document of the Competing Offer.
KHD Shareholders may only exercise a right of withdrawal with respect to the KHD Shares by
doing the following prior to the expiry of the Acceptance Period:
(a)
declaring their withdrawal by means of a written declaration in due time to their
Custodian Bank for a specified number of Tendered KHD Shares, provided that, if no
number is specified, the withdrawal shall be deemed to be declared for all Tendered
KHD Shares tendered by the respective KHD Shareholder; and
(b)
instructing their Custodian Bank to promptly arrange for the number of Tendered KHD
Shares held in their securities deposit account for which withdrawal has been declared
to be re-booked to ISIN DE0006578008 (WKN 657800) at Clearstream Banking AG.
Re-booking is deemed to have occurred in time if it is effected no later than on the second
Banking Day after the end of the extended Acceptance Period, if applicable, by 18:00. After
re-booking, the KHD Shares can be traded again under ISIN DE0006578008 (WKN 657800).
57
If the Offer is not executed due to non-fulfilment of the Offer Condition, the Tendered KHD
Shares and the Subsequently Tendered KHD Shares will be re-booked to ISIN DE0006578008
(WKN 657800) without delay by the Custodian Banks. Precautionary measures will be taken
so that the re-booking takes place within five Banking Days after an announcement has been
published according to Section 12.4 of this Offer Document, stating that the Offer Condition
has not been fulfilled and has not been waived. After re-booking, the KHD Shares can be
traded again under their original ISIN DE0006578008 (WKN 657800).
17.
PUBLICATIONS
The Bidders will publish all announcements and notifications in connection with this Offer
required under the WpÜG or other laws on the internet under www.avicgo1.de and in the
Federal Gazette.
According to Section 23, para. 1 WpÜG, the Bidders will publish the number of KHD Shares
based on the Declarations of Acceptance received by them, including the percentage of the
share capital and voting rights, as follows:

on a weekly basis after publication of this Offer Document (Section 23, para. 1,
sentence 1, no. 1 WpÜG)

on a daily basis during the last week before the end of the Acceptance Period (Section 23,
para. 1, sentence 1, no. 1 WpÜG)

promptly after the end of the Acceptance Period (Section 23, para. 1, sentence 1, no. 2
WpÜG)

promptly after the end of the Additional Acceptance Period (Section 23, para. 1,
sentence 1, no. 3 WpÜG) and

promptly after reaching the shareholding necessary for a squeeze-out pursuant to
Section 39a, para. 1 and 2 WpÜG (Section 23, para. 1, sentence 1, no. 4 WpÜG)
by way of publication on the internet under www.avicgo1.de and in the Federal Gazette. The
Bidders will report these notifications to BaFin in each case.
18.
FINANCIAL ADVISER/ASSISTING BANK
The Bidders are or will be advised and supported by Deloitte & Touche Corporate Finance Ltd.,
Hong Kong, regarding the preparation and execution of the present Takeover Offer and the
technical settlement of the Takeover Offer. equinet Bank AG, Frankfurt am Main, coordinates
the technical execution and settlement of the Takeover Offer. Bankhaus Neelmeyer executes
the settlement of the Takeover Offer.
19.
TAXES
The KHD Shareholders are advised to obtain professional tax law advice, taking into account
their individual tax circumstances before accepting the Offer.
20.
APPLICABLE LAW AND PLACE OF JURISDICTION
This Offer is governed by German law and is, in particular, carried out in accordance with the
provisions of the WpÜG. Any agreement that is concluded on the basis of the acceptance of
this Offer is subject exclusively to German law and must be exclusively interpreted in
accordance with it. The exclusive venue for all disputes arising in connection with the Offer
58
and any agreement that is concluded on the basis of the acceptance of the Offer is, to the
extent permitted by law, Frankfurt am Main.
21.
ASSUMPTION OF RESPONSIBILITY FOR THE OFFER DOCUMENT
AVIC Engineering Holdings Pte. Ltd. with registered office in Singapore, Europe Project
Management Pte. Ltd. with registered office in Singapore, Europe Technology Investment Pte.
Ltd. with registered office in Singapore and Europe Engineering Holdings Pte. Ltd. with
registered office in Singapore, assume responsibility for the content of this Offer Document
and declare that to their knowledge the information contained in this Offer Document is
correct and no substantial facts have been omitted.
59
Singapore, 20 November 2013
[signature]
Diao Weicheng, Director
[signature]
Yap Lian Seng, Director
[signature]
[signature]
60
SCHEDULE 1
to the Takeover Offer
for the acquisition of shares in KHD Humboldt Wedag International AG
Corporate structure of the Bidders
Schedule 1 – Page 1
Schedule
e 1 to the Take
eover Offer fo
or the acquisittion of shares in KHD Humb
boldt Wedag In
nternational AG
SC
CHEDULE 1(
(a)
Share
eholder stru
ucture of AVIC
A
Engine
eering
Sche
edule 1 – Pa
age 2
Schedule
e 1 to the Take
eover Offer fo
boldt Wedag I nternational AG
A
SC
CHEDULE 1(
(b)
Shareholde
er structure
e of Europe
e Project Managementt
Sche
edule 1 – Pa
age 3
Schedule
e 1 to the Take
eover Offer fo
boldt Wedag In
nternational AG
CHEDULE 1(c)
SC
Shareholder stru
ucture of Eu
urope Technology
Sch edule 1 –Page 4
Schedule
e 1 to the Take
eover Offer fo
boldt Wedag In
nternational AG
SC
CHEDULE 1(
(d)
Shareh
holder stru
ucture of Eu
urope Engin
neering
Sche
edule 1 – Pa
age 5
SCHEDULE 2 to the Takeover Offer for the acquisition of shares in KHD Humboldt Wedag International AG
Persons Acting in Concert with the Bidders in relation to which the
Bidders are direct or indirect subsidiaries
Schedule 2 – Page 1 Schedule 2 to the Takeover Offer for the acquisition of shares in KHD Humboldt Wedag International AG
SCHEDULE 2(a)
Persons Acting in Concert with AVIC Engineering
NOTE:
The respective English translations in this schedule are non-bi nding and for conveni ence
only. In case of discrepancies the relevant Chinese terms shall prevail.
Schedule 2(a) to the Takeover Offer for the Acquistion of shares in KHD Humboldt Wedag International AG
Non-binding English translation
Company
名称
地方
Registered Office, Country
Aspri Investments Limited
Aspri Investments Limited
Tortola, BVI
Tortola, BVI
Blake International Limited British Virgin Islands
Blake International Limited British Virgin Islands
Tortola, BVI
Tortola, BVI
Golden Prosperity Group Limited
Golden Prosperity Group Limited
Tortola, BVI
Tortola, BVI
Goldimax Group Limited
Goldimax Group Limited
Tortola, BVI
Tortola, BVI
Heze International Limited
Heze International Limited
Tortola, BVI
Tortola, BVI
Ludicorp Development
Ludicorp Development
Tortola, BVI
Tortola, BVI
MOTTO Investment Ltd.
MOTTO Investment Ltd.
Tortola, BVI
Tortola, BVI
MOTTO Investment Ltd.(BVI)
MOTTO Investment Ltd.(BVI)
Tortola, BVI
Tortola, BVI
Winline Capital Limited
Winline Capital Limited
Tortola, BVI
Tortola, BVI
Kaihang Industrial Limited
Kaihang Industrial Limited
Tortola, BVI
Tortola, BVI
九江中航城公司
Jiujiang, PRC AVIC City Co., Ltd
九江
Jiujiang, Jiangxi Province PRC
九江中航城地产开发有限公司
Jiujiang, PRC AVIC City Real Estate Development Co. Ltd
九江
Jiujiang, Jiangxi Province, PRC
中航证券九江营业部
AVIC Sesurities, Jiujiang, PRC Division
九江
Jiujiang, Jiangxi Province, PRC
中国民用航空三亚空中交通管理站
Sanya Air Traffic Management Station
海南岛三亚
Sanya, Hainan Province, PRC
中国航空集团旅业有限公司三亚凤凰大酒店
Sanya Phoenix Hotel, AVIC Travelling Group Co., Ltd
海南岛三亚
Sanya, Hainan Province, PRC
Deltamarin (China) Co., Ltd.
Deltamarin (China) Co., Ltd.
上海
Shanghai, PRC
上海一航科技产业股份有限公司
AVIC Shanghai, PRC Technology Industry Co., Ltd
上海
Shanghai, PRC
上海万江汽车零部件有限公司
Shanghai, PRC WanJiang Automotive Parts Manufacturing Co., Ltd
上海
Shanghai, PRC
上海三鑫幕墙有限公司
Shanghai, PRC Sanxin Co., Ltd
上海
Shanghai, PRC
上海大场机场5703工厂
AVIC Shanghai, PRC Dachang Airport No.5703 Factory
上海
Shanghai, PRC
上海飞机设计研究所
Shanghai, PRC Aircraft Design and Research Institute
上海
Shanghai, PRC
上海飞机制造厂
Shanghai, PRC Aircraft Manufacturing Co., Ltd
上海
Shanghai, PRC
上海飞机国际航空制造股份有限公司
Shanghai, PRC Aircraft International Aviation Manufacturing Co., Ltd
上海
Shanghai, PRC
上海中航光电子有限公司
Shanghai, PRC AVIC Electronics Co., Ltd
上海
Shanghai, PRC
上海中航房地产开发有限公司
Shanghai, PRC AVIC Real Estate Development Co., Ltd
上海
Shanghai, PRC
上海天马微电子股份有限公司
Shanghai, PRC Tianma Micro Electronics Co., Ltd
上海
Shanghai, PRC
上海市区联谊路物流园
Shanghai, PRC Lianyi Road Logistics Park Co., Ltd
上海
Shanghai, PRC
上海永红汽车零部件有限公司
Shanghai, PRC YongHong Automotive Accessories Manufacturing Co., Ltd
上海
Shanghai, PRC
上海合颖实业有限公司
Shanghai, PRC Heying Industrial Co., Ltd
上海
Shanghai, PRC
上海安维克实业有限公司
Shanghai, PRC Annvic Industrial Co., Ltd
上海
Shanghai, PRC
上海园林格兰云天酒店
Ge Lan Yun Tian Garden Hotel (Shanghai, PRC)
上海
Shanghai, PRC
上海沈飞国际实业总公司
Shanghai, PRC Shenfei International Industrial Co., Ltd
上海
Shanghai, PRC
上海欣盛航空工业投资发展有限公司
Shanghai, PRC Xinsheng Aviation Industry Investment and Development Co.
Ltd
上海
Shanghai, PRC
上海空间推进研究所
China Shanghai, PRC Space Propulsion Institute
上海
Shanghai, PRC
上海表业有限公司
Shanghai, PRC Watch Industrial Co., Ltd
上海
Shanghai, PRC
上海施耐德低压终端电器有限公司
Shanghai, PRC Shinaide Low-voltage Terminal Electric Appliance Co., Ltd
上海
Shanghai, PRC
上海浦东中航供销有限公司
Shanghai, PRC Pudong AVIC Supply and Marketing Co., Ltd
上海
Shanghai, PRC
上海神舟航天软件技术有限公司
Shanghai, PRC Shenzhou Aerospace Software Technology Co., Ltd
上海
Shanghai, PRC
上海航天电子有限公司
Shanghai, PRC Aerospace Electronics Co., Ltd
上海
Shanghai, PRC
上海航天有线电厂
Shanghai, PRC Aerospace Power Cable Manufacturing Co., Ltd
上海
Shanghai, PRC
上海航天机电设备有限公司
Shanghai, PRC Aerospace Mechanical and Electrical Equipment Co., Ltd
上海
Shanghai, PRC
上海航天设备制造总厂
Shanghai, PRC Aerospace Equipment Manufacturing Co., Ltd
上海
Shanghai, PRC
上海航天技术研究院
Shanghai, PRC Institute of Space Technology
上海
Shanghai, PRC
上海航天房地产投资发展有限公司
Shanghai, PRC AVIC Real Estate Investment Development Co., Ltd
上海
Shanghai, PRC
上海航天物业管理有限公司
Shanghai, PRC AVIC Property Management Co., Ltd
上海
Shanghai, PRC
上海航天物资仓库
Shanghai, PRC AVIC Material Warehousing Co., Ltd
上海
Shanghai, PRC
上海航天航空学会
Shanghai, PRC Institute of Aerospace
上海
Shanghai, PRC
上海航天新亚无线电厂
Shanghai, PRC AVIC Xinya Radio Manufacturing Co., Ltd
上海
Shanghai, PRC
上海航天新宇电源有限公司
Shanghai, PRC AVIC Xin Yu Power Co., Ltd
上海
Shanghai, PRC
上海航天模具制品公司
Shanghai, PRC AVIC Mold Products Manufacturing Co., Ltd
上海
Shanghai, PRC
上海航天职工大学附属工厂
Shanghai, PRC AVIC Worker College Manufacturing Co., Ltd
上海
Shanghai, PRC
上海航圳商贸有限公司
Shanghai, PRC Hangzhen Trading Co., Ltd
上海
Shanghai, PRC
上海深飞五金有限公司
Shanghai, PRC Shenfei hardware Co., Ltd
上海
Shanghai, PRC
上海耀华称重系统有限公司
Shanghai, PRC yao hua weighing System manufacturing Co., Ltd
上海
Shanghai, PRC
上海凯廸克航空工程技术有限公司
Shanghai, PRC Kedik Aeronautical Engineering Technology Co. Ltd
上海
Shanghai, PRC
上海凯信汽车保修设备有限公司
Shanghai, PRC Kaixin Car Equipment Co., Ltd
上海
Shanghai, PRC
上海红阳密封件有限公司
Shanghai, PRC Hongyang Packing Co., Ltd
上海
Shanghai, PRC
上航电器
Shanghai, PRC Airlines Electricity Co., Ltd
上海
Shanghai, PRC
中国民用航空上海龙华站经营服务部
Shanghai, PRC Longhua Service Station of China Civil Aviation
上海
Shanghai, PRC
中国电子进出口国际电子服务有限公司上海东
China Import and Export International Electronic Services Co., Ltd.,(
Shanghai, PRC East)
上海
Shanghai, PRC
中国航空工业上海测控技术研究所
AVIC Institute of Measurement and Control Technology(Shanghai, PRC)
上海
Shanghai, PRC
中国航空工业供销上海有限公司
AVIC Supply and Marketing Co., Ltd., (Shanghai, PRC)
上海
Shanghai, PRC
中国航空无线电电子研究所
AVIC Aeronautical Electronics Research Institute
上海
Shanghai, PRC
中国航空技术上海有限公司
AVIC Technology Shanghai, PRC Co., Ltd
上海
Shanghai, PRC
中国航空技术进出口上海公
AVIC Technology Import and Export Co., Ltd, Shanghai, PRC Branch
上海
Shanghai, PRC
Schedule 2 - Page 3
Company
名称
地方
中国航空技术进出口上海公司
AVIC Technology Import and Export Co., Ltd, Shanghai, PRC Branch
上海
Shanghai, PRC
中国航空器材上海公司
AVIC Shanghai, PRC Supplies Co., Ltd.
上海
Shanghai, PRC
中航工业上电所
AVIC Shanghai, PRC Power Institute
上海
Shanghai, PRC
中航工业上海欣盛投资发展有限公司
AVIC Shanghai, PRC Xinsheng Investment Development Co., Ltd
上海
Shanghai, PRC
中航工业上海航空发动机制造股份有限公司
AVIC Shanghai, PRC Aeroengine Manufacturing CO., Ltd
上海
Shanghai, PRC
中航工业上海航空发动机制造股份有限公司
AVIC Shanghai, PRC Aircraft Engine Manufacturing Co., Ltd
上海
Shanghai, PRC
中航工业上海航空电器有限公司
AVIC Shanghai, PRC Aviation Electric Appliance Co., Ltd
上海
Shanghai, PRC
中航工业上海航空电器有限公司
AVIC Shanghai, PRC Aviation Electric Appliance Co., Ltd
上海
Shanghai, PRC
中航工业上海航空设备厂
AVIC Shanghai, PRC Aviation Equipment Manufacturing Co., Ltd
上海
Shanghai, PRC
中航工业上海航空国际商务会展有限公司
AVIC Shanghai, PRC Aviation International Business Exhibition Co., Ltd
上海
Shanghai, PRC
中航工业上海航空特种车辆有限责任公司
AVIC Shanghai, PRC Aviation Special Vehicle Co., Ltd
上海
Shanghai, PRC
中航工业上海航空特种车辆有限责任公司
AVIC Shanghai, PRC Aviation Special Vehicle Co., Ltd
上海
Shanghai, PRC
中航工业上海航空测控技术研究所
AVIC Shanghai, PRC Aerospace Measurement and Control Technology Research
上海
Institute
Shanghai, PRC
中航工业上海资产经营管理有限公司
AVIC Shanghai, PRC Asset Management Co., Ltd
上海
Shanghai, PRC
中航工业飞机有限责任公司
AVIC Aircraft Co., Ltd
上海
Shanghai, PRC
中航工业飞机起落架有限责任公司
AVIC Aircraft Landing Gear Manufacturing Limited Liability Company
上海
Shanghai, PRC
中航工业飞机强度研究所
AVIC Aircraft Research Institute
上海
Shanghai, PRC
中航工业飞行试验研究院
AVIC Flight Studies Institute
上海
Shanghai, PRC
中航工业中心医院
Hospital of AVCI Industrial Center
上海
Shanghai, PRC
中航工业中振会计咨询有限责任公司
AVIC ZhongZhen Accounting Consulting Co., Ltd
上海
Shanghai, PRC
中航工业天水飞机工业有限责任公司
AVIC ChinaTianshui Aircraft Industry Co., Ltd
上海
Shanghai, PRC
中航工业文化股份公司
AVIC Culture Co., Ltd
上海
Shanghai, PRC
中航工业无线电电子研究所
AVIC Radio Electronics Research Institute
上海
Shanghai, PRC
中航工业集团公司上海航空测控技术研究所
AVIC Shanghai, PRC Aerospace Measurement and Controlling Technology
Research Institute
上海
Shanghai, PRC
中航申森国际钢铁贸易(上海)有限公司
AVIC ShenSen International Steel Trading (Shanghai, PRC) Co., Ltd
上海
Shanghai, PRC
中航国际上海公司
AVIC International Shanghai, PRC Co., Ltd
上海
Shanghai, PRC
中航国际供销上海公司
AVIC International Supply and Marketing Co., Ltd (Shanghai, PRC)
上海
Shanghai, PRC
中航国际供销华东公司
AVIC International Supply and Marketing Co., Ltd( East China)
上海
Shanghai, PRC
中航国际物流有限公司
AVIC International Logistics Co., Ltd
上海
Shanghai, PRC
中航国际钢铁贸易(上海)有限公司
AVIC International Steel Trade (Shanghai, PRC) Co., Ltd
上海
Shanghai, PRC
中航国际租赁有限公司
AVIC International Leasing Co., Ltd
上海
Shanghai, PRC
中航商用航空发动机有限责任公司
AVIC Commercial Aircraft Engine Co., Ltd
上海
Shanghai, PRC
中航翔凤国际物流(上海)有限公司
AVIC Xiangfeng International Logistics (Shanghai, PRC) Co., Ltd
上海
Shanghai, PRC
中航临港国际物流(上海)有限公司
AVIC International Lin Gang Logistics (Shanghai, PRC) Co., Ltd
上海
Shanghai, PRC
中航证券上海营业部
AVIC Securities, Shanghai, PRC Division
上海
Shanghai, PRC
中航锂电（洛阳）有限公司上海分公司
AVIC Lithium Electricity (Luoyang) Co., Ltd., Shanghai, PRC Branch
上海
Shanghai, PRC
北京百慕航材高科技股份有限公司上海分公司
Beijing Baimu Aviation Materials Technology Co., Ltd. , Shanghai, PRC Branch
上海
Shanghai, PRC
华海油田注氮技术有限公司
Huahai Nitrogen Injection Technology Co., Ltd
上海
Shanghai, PRC
华进半导体封装先导研发中心有限公司
Huajin Semiconductor Packaging Research and Development Center Co., Ltd
上海
Shanghai, PRC
西飞集团进出口有限公司上海办事处
XAC Group Import and Export Co., Ltd. (Shanghai, PRC office)
上海
Shanghai, PRC
Shanghai, PRC
西飞铝业（上海）有限公司
XAC Aluminum (Shanghai, PRC) Co., Ltd
上海
西安飞机工业装饰装修工程股份有限公司上海分公司
Xi'an, PRC Aircraft Industry Decoration Engineering Co., Ltd. Shanghai, PRC
Branch
上海
Shanghai, PRC
沈飞防静电设备(上海)有限公司
Shenyang Aircraft Anti-static Equipment (Shanghai, PRC) Co., Ltd
上海
Shanghai, PRC
沈阳沈飞集团铝业幕墙工程有限公司上海分公司
Shenyang Shenfei Aluminum Engineering Co., Ltd.( Shanghai, PRC Branch)
上海
Shanghai, PRC
卓越紧固系统(上海)有限公司
Zhuoyue Jiangu System (Shanghai, PRC) Co., Ltd
上海
Shanghai, PRC
中航国际凯荣有限公司
AVIC International Kairong Limited
香港
Hong Kong, PRC
最大光荣工业有限公司
Max Glory Industrial Limited
香港
Hong Kong, PRC
中航证券上饶营业部
AVIC Securities, Shangrao Division
上饶
Shangrao, Autonomous Region
Ningxia, PRC
中航技土耳其公司
AVIC Turky Co., Ltd
土耳其
Istanbul, Turkey
大连5706工厂
Dalian, PRC No.5706 Manufacturing Co., Ltd
大连
Dalian, Liaoning Province, PRC
大连中航技经贸发展有限公司
AVIC Dalian, PRC Economic and Trade Development Co., Ltd
大连
大连金开房地产开发有限公司
Dalian, PRC Jinkai Real Estate Development Co., Ltd
大连
中国民用航空大连空中交通管理站
Dalian, PRC Air Traffic Management Station of China Civil Aviation
大连
中国航空技术进出口大连公司
AVIC Technology Import and Export Co., Ltd (Dalian, PRC)
大连
山东新船重工有限公司
Shandong, PRC Xinchuan Heavy Industry Co., Ltd
山东
Xinchuan, Shandong Province, PRC
山东新船重工船用钢貭舾装件制作有限公司
Shandong, PRC Xinchuan Heavy Industry Steel Production Co. Ltd.
山东
山东新船重工管舾装制作有限公司
Shandong, PRC Xinchuan Heavy Industry Pipe Fittings Manufacturing Co., Ltd
山东
山东德他马林海事工程有限公司
Shandong, PRC De Ta Ma Lin Engineering Co., Ltd
山东
Jinan, Shandong Province, PRC
中国电子进出口山东公司
China Electronics Import and Export Co., Ltd(Shandong, PRC)
山东
中航技国际经贸发展山东公司
AVIC Shandong, PRC International Economic and Trade Development Co., Ltd
山东
中航技国际经贸发展山西公司
AVIC International Economic and Trade Development Co., Ltd , Shanxi, PRC
Province
山西
Taiyuan, Shanxi Province, PRC
Shandong, PRC Deltamarin Marine Engineering Co., Ltd.
Shandong, PRC Deltamarin Marine Engineering Co., Ltd.
山東
Wehei, Shandong Province, PRC
中航屿海项目
AVIC Yuhai Project Co.
广东
Yuhai, Guandong Province, PRC
四川凌峰
航空液压
机械有限
公司
Sichuan, PRC Lingfeng AVIC Hydraulic Machinery Co., Ltd.
广汉
Guanghan, Sichuan Province, PRC
四川凌峰资产经营管理有限公司
Ling feng Asset Management Co., Ltd, Sichuan, PRC province
广汉
Schedule 2 - Page 4
Company
名称
地方
四川航空液压机构厂
Sichuan, PRC Aviation Hydraulic Gear Manufacturing Co., Ltd
广汉
广东沈飞机房设备有限公司
Guandong, PRC Shenfei Computer Equipment Co., Ltd
广东广州
Guangzhou, Guandong Province, PRC
广东国际
Guandong, PRC International Co., Ltd
广东广州
广东国际大厦实业有限公司
Guandong, PRC International Building Industrial Co., Ltd
广东广州
广东省航天航空学会
Guandong, PRC Institute of Aerospace
广东广州
广州中航东珠贸易公司
AVIC Guangzhou Eastern Pearl Trade Co., Ltd
广东广州
广州中航医科投资管理有限公司
AVIC Guangzhou Medical Investment Management Co., Ltd
广东广州
广州中航物业管理有限公司
AVIC Guangzhou Property Management Co., Ltd
广东广州
广州中航路通货运代理有限公司
AVIC Guangzhou Road Freight Agency Co., Ltd
广东广州
中国电子进出口广东分公司
China Electronics Import and Export Guandong, PRC Branch
广东广州
中国电子进出口华南公司
China Electronics Import and Export Co., Ltd, South China Branch
广东广州
中国航空技术广州有限公司
AVIC Aero-Technology Guangzhou Co., Ltd
广东广州
中国航空技术进出口广州公司
AVIC International Technology Import and Export Co., Ltd (Guangzhou)
广东广州
中航广州华航自行车有限公司
AVIC Guangzhou China airlines Bicycle Co., Ltd
广东广州
中航国际广州公司
AVIC International Co., Ltd in (Guangzhou)
广东广州
中航路通实业有限公司
AVIC Lutong Industrial Co., Ltd
广东广州
中航贸易公司
AVIC International Trading Co., Ltd
广东广州
西飞集团进出口有限公司广州办事处
XAC Import and Export Co., Ltd. (Guangzhou office)
广东广州
广西中航路通沥青有限公司
AVIC Lutong Guangxi Road Asphalt Co., Ltd
广西
Lutong, Autonome Region Guangxi, PRC
中国民用航空广西安全监督管理办公室机关服
China Civil Avaition Xi'an, PRC Inspection Co. Ltd
广西
Xi'an, Autonome Region, Guangxi, PRC
Speed Profit Enterprises Ltd.
Speed Profit Enterprises Ltd.
马来西亚
Kuala Lumpur, Malaysia
Stronglink Enterprises Ltd.
Stronglink Enterprises Ltd.
马来西亚
Tacko International Ltd.
Tacko International Ltd.
马来西亚
V.Delta Limited
V.D elta Limited
马来西亚
马来西亚亚卡多根酒店
Malaysia Duo Gen Hotel
马来西亚
中航技马来西亚公司
AVIC Malaysian Co., Ltd
马来西亚
天虹商场中山公司
Tian Hong Dept. Store (Zhongshan Branch) Co., Ltd
广东中山
Zhongshan, Guandong Province, PRC
中航证券丰城营业部
AVIC Securities, Fengcheng Division
丰城
Fengcheng, Jiangxi Province, PRC
沈飞工业集团丹东进出口公司
SAC Dandong Import and Export Corporation
丹东
Dandong, Liaoning Province, PRC
中航技国际经贸发展云南公司
AVIC International Economic and Trade Development Co., Ltd(Yunnan, PRC
Branch)
云南
Kunming, Yunnan Province, PRC
云南尚居地产有限公司
Yunnan, PRC Shangju Real Estate Co., Ltd
云南
Shangju, Yunnan Province, PRC
云南英安通用航空有限公司
Yunnan, PRC Yingan Aviation Co., Ltd
云南
Yingan, Yunnan Province, PRC
云南红富化肥有限公司
Yunnan, PRC Hongfu Fertilizer Co., Ltd
云南
Hongfu, Yunnan Province, PRC
天虹商场公明公司
Tianhong Dept. Store (Gongming Branch) Co., Ltd
公明
Gongming, Guandong Province, PRC
中国航空工业第607厂
AVIC Industry No. 607 Manufacturing Co., Ltd
内江
Neijiang, Sichuan Province, PRC
中航技国际经贸发展内蒙公司
AVIC International Economic and Trade Development Co., Ltd (Inner Mongolia) 内蒙
Autonomous Region Inner Mongolia, PRC
天虹商场双龙公司
Tianhong Dept. Store (Shuanglong Branch) Co., Ltd
双龙
ShuangLong, Guandong Province, PRC
中航天水飞机工业有限责任公司
AVIC China Tianshui Aircraft Industry Co., Ltd
天水
Tianshui, Gansu Province, PRC
中航天水飞机工业有限责任公司附属厂
AVIC China Tianshui Aircraft Industry Co., Ltd., affiliated Factory
天水
陕西航空工业设备制造天水分公司
Shanxi, PRC Aviation Industry Equipment Manufacture Co., Ltd (Tianshui
Branch)
天水
中国电子进出口天津公司
China Electronics Import and Export Co., Ltd (Tianjin, PRC)
天津
Tianjin, PRC
中国航天工业供销天津公司
AVIC Industry Supply and Marketing Co., Ltd (Tianjin, PRC)
天津
Tianjin, PRC
中国航空油料有限责任公司天津分公司
AVIC Oil Co., Ltd. (Tianjin, PRC Branch)
天津
Tianjin, PRC
中国航空港建设总公司天津分公司
China Airport Construction Corporation, Tianjin, PRC Branch
天津
Tianjin, PRC
中航大学
AVIC University
天津
Tianjin, PRC
中航工业天津航空机电有限公司
AVIC Tianjin, PRC Aviation Electro Mechanical Co., Ltd
天津
Tianjin, PRC
中航国际物流(天津)有限公司
AVIC International Logistics (Tianjin, PRC) Co., Ltd
天津
Tianjin, PRC
中航直升机有限责任公司
AVIC Helicopters Co., Ltd
天津
Tianjin, PRC
中航空港国际物流(天津)有限公司
AVIC Airport International Logistics (Tianjin, PRC) Co., Ltd
天津
Tianjin, PRC
中航建银航空产业股权投资(天津)有限公司
AVIC Jianyin Aviation Industry Equity Investment (Tianjin, PRC) Co., Ltd
天津
Tianjin, PRC
中航航空服务保障(天津)股份公司
AVIC Services (Tianjin, PRC) Co., Ltd
天津
Tianjin, PRC
中航证券天津营业部
Tianjin, PRC Division of AVIC Securities
天津
Tianjin, PRC
天津中航机电有限公司
AVIC Tianjin, PRC Electro Mechanical Co., Ltd
天津
Tianjin, PRC
天津中航物业服务有限公司
AVIC Tianjin, PRC Real Estate Service Co., Ltd
天津
Tianjin, PRC
天津东疆兴航物流有限公司
Tianjin, PRC Dongjiang Xinghang Logistics Co. Ltd.
天津
Tianjin, PRC
天津市秦丰源煤炭销售有限公司
Tianjin, PRC Qinfengyuan Coal Sales Co., Ltd
天津
Tianjin, PRC
天津空港格兰云天酒店
Tianjin, PRC Airport Ge Lan Yun Tian Hotel
天津
Tianjin, PRC
天津格兰云天投资发展有限公司
Tianjin, PRC Ge Lan Yun Tian Investment Development Co., Ltd
天津
Tianjin, PRC
天津航利有限公司
Tianjin, PRC Hangli Co., Ltd
天津
Tianjin, PRC
天津航空
Tianjin, PRC Airlines Co., Ltd
天津
Tianjin, PRC
天津航空机电有限公司
Tianjin, PRC Aviation Electro Mechanical Co., Ltd
天津
Tianjin, PRC
天津梅兰日兰有限公司
Tianjin, PRC Mei Lan Ri Lan Co., Ltd
天津
Tianjin, PRC
天津裕丰股权投资管理有限公司
Tianjin, PRC Yufeng Equity Investment Management Co., Ltd
天津
Tianjin, PRC
天津贵航红阳密封件有限公司
Tianjin, PRC Guizhou Airline Hongyang Packing Co., Ltd
天津
Tianjin, PRC
天津项目公司
Tianjin, PRC Project Co., Ltd
天津
Tianjin, PRC
Schedule 2 - Page 5
名称
Company
Dongjiang Jin Wang (Tianjin, PRC) International Trading Market Management
Co., Ltd
地方
天津
Tianjin, PRC
西飞国际天津公司
XAC International Tianjin, PRC Co., Ltd
天津
Tianjin, PRC
沈阳沈飞集团铝业幕墙工程有限公司天津分公司
Shenyang SAC Aluminum Curtain Wall Engineering Co., Ltd. Tianjin, PRC
Branch
天津
Tianjin, PRC
施耐德电器低压（天津）有限公司
Schneider Electric Low Voltage (Tianjin, PRC) Co., Ltd
天津
Tianjin, PRC
山西航天机电设备研究所
Shanxi, PRC Aerospace Mechanical and Electrical Equipment Institute
太谷
Taigu, Shanxi Province, PRC
山西一心堂大药房有限公司
Shanxi, PRC Yixintang Pharmacy Co., Ltd
山西太原
山西太航大酒店
Shanxi, PRC Taihang Hotel
山西太原
山西太航房地产开发有限公司
Shanxi, PRC Taihang Real Estate Development Co., Ltd
山西太原
山西荣长汽车部件有限公司
Shanxi, PRC Rongchang Automotive Components Co., Ltd
山西太原
山西润航酒店管理有限公司
Shanxi, PRC Runhang Hotel Management Co., Ltd
山西太原
中航工业太原航空仪表有限公司
AVIC ChinaTaiyuan Aviation Instrument Co., Ltd
山西太原
中航工业太航电子科技有限公司公司
AVIC's Taihang Electronic Technology Co., Ltd
山西太原
太行铝合金装饰工程处
Taihang Aluminum alloy Decoration Engineering Division
山西太原
太原太航电子科技有限公司
Taiyuan Taihang Electronic Technology Co., Ltd
山西太原
太原太航自动化仪表有限公司
Taiyuan Taihang Automation Instrument Co., Ltd
山西太原
太原太航汽车电子有限公司
Taiyuan Taihang Automotive Electronics Co., Ltd
山西太原
太原太航物业管理有限公司
Taiyuan Taihang Property Management Co., Ltd
山西太原
太原太航流量工程有限公司
Taiyuan Taihang Traffic Engineering Co., Ltd
山西太原
太原太航弹性敏感组件有限公司
Taiyuan Taihang Elastic Sensitive Components Co., Ltd
山西太原
太原仪表
Taiyuan Instrument Co., Ltd
山西太原
太原市小店区太行幼儿园
Taiyuan Xiaodian District Taihang kindergarten
山西太原
太原市太航压力检测科技有限公司
Taiyuan Taihang Pressure Testing Technology Co., Ltd
山西太原
太原市太航医院
Taiyuan Taihang Hospital
山西太原
太原市太航德克森流体控制技术有限公司
Taiyuan Taihang Dirksen Fluid Control Technology Co., Ltd
山西太原
太原航空仪表有限公司
Taihang Aviation Instrument Co., Ltd
山西太原
太航电子科技有限公司
Taihang Electronic Technology Co., Ltd
山西太原
太航压力测试科技有限公司
Taihang Air Pressure Test Technology Co., Ltd
山西太原
太航自动化仪表有限公司
Taihang Automation Instrument Co., Ltd
山西太原
太航汽车电子有限公司
Taihang Automotive Electronics Co., Ltd
山西太原
太航流量工程有限公司
Taihang Traffic Engineering Co., Ltd
山西太原
太航弹性敏感组件有限公司
Taihang Elastic Sensitive Components Co., Ltd
山西太原
太航创宇工贸有限公司
Taihang Chuangyu Industry and Trade Co., Ltd
山西太原
Deltamarin Brazil Consultoria e Proiectos Ltda
Deltamarin Brazil Consultoria e Proiectos Ltda
巴西
Sao Paulo, Brazil
中航技(巴基斯坦)公司
AVIC(Pakistan)
巴基斯坦
Islamabad, Pakistan
开原航空工业供销储运有限公司
Kaiyuan Aviation Industry Supply, Marketing Storage and Transportation Co.,
Ltd
开原
Kaiyuan, Autonomous Region
Honghe, PRC
中航三鑫（文昌）矿业有限公司
AVIC Sanxin (wenchang) mining Co., Ltd
文昌
Wenchang, Hainan Province, PRC
中航黑豹股份有限公司
AVIC Heibao Co.,Ld
文登
Wendeng, Hainan Province, PRC
中国航空工业集团公司航空动力控制系统研究所
AVIC Research Institute of Aviation Power Control System
无锡
Wuxi, Jiangsui Province, PRC
中国航空动力控制系统研究所
China Institute of Aviation Power Control System
无锡
中国雷华电子技术研究所
China Leihua Electronic Technology Research Institute
无锡
中航卓越锻造（无锡）有限公司
AVIC Zhuoyue Forging (Wuxi, PRC) Co., Ltd
无锡
无锡中航瑞赛置业有限公司
AVIC China(Wuxi, PRC) Ruisai Real Estate Co., Ltd
无锡
沈阳飞机制造公司铝合金结构工程公司驻日照办事处
SAC Aluminum Alloy Structure Engineering Co., Ltd (Rizhao Office)
日照
Rizhao, Shandong Province, PRC
天虹商场木渎公司
Tianhong Dept. Store (Mudu Branch) Co., Ltd
木渎
Mudu, Jiangsu Province, PRC
中航技毛里塔尼亚公司
AVIC Mauritanian Co., Ltd
毛里塔尼亚
Port Louis, Mauritius
天虹商场东门公司
Tianhong Dept. Store (Dongmen Branch) Co., Ltd
东门
Dongmen, Guangdong Province, PRC
东安黑豹股份有限公司
Dongan Heibao Co., Ltd
东安
Weihai, Shandong Province, PRC
中航江南期货经纪有限公司东莞部
AVIC Jiangnan Stock Brokerage Co., Ltd. (Dongguan, PRC Branch)
东莞
Dongguan, Guangdong Province, PRC
东莞中航旅游投资有限公司
AVIC Travelling Dongguan, PRC Investment Co., Ltd
东莞
东莞市大一实业发展有限公司
Dongguan, PRC Dayi Industrial Development Co., Ltd
东莞
东莞市昆成贸易有限公司
Dongguan, PRC Kuncheng Trade Co., Ltd
东莞
东莞市昆泰实业投资有限公司
Dongguan, PRC Kuntai Industrial Investment Co., Ltd
东莞
东莞市象宝房地产物业管理有公司
Dongguan, PRC Xiangbao Real Estate Property Management Co., Ltd
东莞
东莞康源电子有限公司
Dongguan, PRC Kang Yuan Electronics Co., Ltd
东莞
康源电子厂有限公司
Kang Yuan Electronics Co., Ltd
东莞
天虹商场东纵公司
AVIC China Tourism Dept. Store (Dongzong Branch) Co., Ltd
东纵
Dongzong, Guangdong Province, PRC
Vanbao Developmen（Canada）Limited
Vanbao Developmen t(Canada) Limited
加拿大
Calgary, Canada
中国航空油料有限责任公司包头供应站
AVIC Oil Co., Ltd. (Baotou Depot)
包头
Baotou, Autonomous Region
Inner Mongolia, PRC
一航时代(北京)技术服务有限责任公司
AVIC Era (Beijing) Technical Services Co., Ltd
北京
Beijing, PRC
一航凯天电子股份有限公司
AVIC Kaitian Electronics Co., Ltd
北京
Beijing, PRC
九方公司
Jiufang Co., Ltd
北京
Beijing, PRC
飞亚达集团股份有限公司
Fei Ya Da Group Co., Ltd
北京
Beijing, PRC
中和中(北京)光电科技有限公司
Zhonghezhong Photoelectric Technology (Beijing) Co., Ltd
北京
Beijing, PRC
中国一航公司
China AVIC Co., Ltd
北京
Beijing, PRC
中国一航市场与国际合作公司
China AVIC Market and International Cooperation Co., Ltd
北京
Beijing, PRC
东疆金网(天津)国际贸易产品交易市场管理有限公司
Schedule 2 - Page 6
Company
名称
地方
中国四维测绘技术有限公司
China Four Dimensional Mapping Technology Co., Ltd
北京
Beijing, PRC
中国民用飞机开发公司
China Civil Aircraft Development Co., Ltd
北京
Beijing, PRC
中国电子进出口北京公司
China Electronics Import and Export Co., Ltd (Beijing)
北京
Beijing, PRC
中国电子进出口国际电子服务有限公司经济技
China Electronics Import and Export International Services Co., Ltd
北京
Beijing, PRC
中国电子进出总公司
China Electronics Imp. & Exp. Co., Ltd
北京
Beijing, PRC
中国亚太移动通信卫星国际有限责任公司
China Asia-Pacific Mobile Elecommunications Satellite International Co., Ltd
北京
Beijing, PRC
中国时代远望科技有限公司
China Shi Dai Technology Co., Ltd
北京
Beijing, PRC
中国环保投资股份有限公司
China's Environmental Protection Investment Co., Ltd
北京
Beijing, PRC
中国直升机公司
China Helicopter Co., Ltd
北京
Beijing, PRC
中国直升机设计研究所汽车安全设备厂
Automotive Safety Equipment Manufacturing Factory of China Helicopter
Design Institute
北京
Beijing, PRC
中国空间技术研究院
China Academy of Space Technology
北京
Beijing, PRC
中国空导弹研究院
China Academy of Anti-Aircraft Missiles
北京
Beijing, PRC
中国运载火箭技术研究院
China Academy of Rocket Technology
北京
Beijing, PRC
中国特种飞行器研究所
China Research Institute of Special Vehic
北京
Beijing, PRC
中国航天万源国际(集团)有限公司
AVIC Wanyuan International (Group) Co., Ltd
北京
Beijing, PRC
中国航天工业供销华北公司
AVIC Industry Supply and Marketing Co., Ltd of North China
北京
Beijing, PRC
中国航天工业供销华北公司（本部）
AVIC Industry Supply and Marketing Co., Ltd of North China (headquarters)
北京
Beijing, PRC
中国航天工业供销华北公司北京经营部
AVIC Industry Supply and Marketing Co., Ltd of North China (Beijing Sales
Department)
北京
Beijing, PRC
中国航天电子技术研究院
China Academy of Space Electronic Technology
北京
Beijing, PRC
中国航天系统科学与工程研究院
China Academy of Space Systems Science and Engineering
北京
Beijing, PRC
中国航天空气动力技术研究院
China Aerospace Air Power Technology Research Institute
北京
Beijing, PRC
中国航空工业中心医院
AVIC Industry Center Hospital
北京
Beijing, PRC
中国航空工业发展中心
AVIC Industry Development Center
北京
Beijing, PRC
中国航空工业发展研究中心
AVIC Industry Development Research Center
北京
Beijing, PRC
中国航空工业发展研究中心(中国航空系统工程研究所)
AVIC Industry Development Research Center (AVIC System Engineering
Research Institute)
北京
Beijing, PRC
中国航空工业技术研究院
AVIC Industrial Technology Research Institute
北京
Beijing, PRC
中国航空工业供销中南有限公司
AVIC Industry Supply and Marketing Co., Ltd (Zhongnan)
北京
Beijing, PRC
中国航空工业供销华北公司
AVIC Industry Supply and Marketing Co., Ltd , North China
北京
Beijing, PRC
中国航空工业供销华北公司（本部）
AVIC Industry Supply and Marketing Co., Ltd , North China (headquarters)
北京
Beijing, PRC
中国航空工业供销华北公司北京百惠如家酒店
AVIC Industry Supply and Marketing Co., Ltd (Beijing Bai Hui Ru Jia Hotel)
北京
Beijing, PRC
中国航空工业供销华北有限公司
AVIC Industry Supply and Marketing Co., Ltd (North China)
北京
Beijing, PRC
中国航空工业供销有限公司
AVIC Industry Supply and Marketing Co., Ltd
北京
Beijing, PRC
中国航空工业供销总公司
AVIC Industry Supply and Marketing Corporation
北京
Beijing, PRC
中国航空工业国际控股有限公司
AVIC Industry International Holdingings Co., Ltd
北京
Beijing, PRC
中国航空工业总公司六二五所招待所
AVIC Industry Corporation NO. 625 Hostel
北京
Beijing, PRC
中国航空工业总公司第一招待所
AVIC Industry Corporation No.1 Hostel
北京
Beijing, PRC
中国航空工业总公司第一招待所
AVIC Industry Corporation No.2 Hostel
北京
Beijing, PRC
中国航空工业经济技术研究院
AVIC Industry Economic and technical Institute
北京
Beijing, PRC
中国航空工业科学技术总公司
AVIC Industry Corporation of Science and Technology
北京
Beijing, PRC
中国航空工业第一集团公司
AVIC Industry Group Co., Ltd
北京
Beijing, PRC
中国航空工业第一集团公司科技服务中心
AVIC Science and Technology Service Center
北京
Beijing, PRC
中国航空工业第二集团公司
AVIC Industry Group Co., Ltd, No.2 Branch
北京
Beijing, PRC
中国航空工业第二集团公司人才交流中心
AVIC Industry Group Co., Ltd, No.2 Branch, Human Resource Department
北京
Beijing, PRC
中国航空工业集团公司
AVIC Industry Group Co., Ltd
北京
Beijing, PRC
中国航空工业集团公司北京航空材料研究院
AVIC Industry Group Co., Ltd. , Beijing Institute of Aviation Materials
北京
Beijing, PRC
中国航空工业集团公司北京航空精密机械研究所
AVIC Industry Group Co., Ltd. , Beijing Aviation Institute of Precision
Machinery
北京
Beijing, PRC
中国航空工业集团公司防务分公司
AVIC Industry Group Co., Ltd., Defence Branch
北京
Beijing, PRC
中国航空工业集团公司科技服务中心
AVIC Industry Group Co., Ltd. , Science and Technology Service Center
北京
Beijing, PRC
中国航空工业集团公司科学技术委员会
AVIC Industry Group Co., Ltd. , Science and Technology Commission
北京
Beijing, PRC
中国航空工业集团基础技术研究院
AVIC Industry Group Supporting Technology Institute of Technology
北京
Beijing, PRC
中国航空工业新能源投资有限公司
AVIC Industry New Energy Investment Co., Ltd
北京
Beijing, PRC
中国航空工业规划设计研究院
AVIC Industry Planning Design and Research Institute
北京
Beijing, PRC
中国航空工艺研究所
AVIC Technology Research Institute
北京
Beijing, PRC
中国航空电子设备股份有限公司
China's Aviation Electronic Equipment Co., Ltd
北京
Beijing, PRC
中国航空机载设备总公司
China's Airborne Equipment Corp
北京
Beijing, PRC
中国航空技术北京有限公司
AVIC Technology Beijing Co., Ltd
北京
Beijing, PRC
中国航空技术国际工程公司
China National Aero-Technology International Engineering Corporation
北京
Beijing, PRC
中国航空技术国际工程公司
ChinaNational Aero-Technology International Engineering Corporation
北京
Beijing, PRC
中国航空技术国际工程公司（本部）
China National Aero-Technology International Engineering Corporation
(headquarter)
北京
Beijing, PRC
中国航空技术国际工程有限公司
China National Aero-Technology International Engineering Co., Ltd
北京
Beijing, PRC
中国航空技术国际控股有限公司
AVIC International Holding Corporation
北京
Beijing, PRC
中国航空技术进出口北京公司
AVIC TechnologyImport and Export Co., Ltd (Beijing)
北京
Beijing, PRC
中国航空技术进出口总公司北京凯迪克大酒店
AVIC Import and Export Corporation Beijing AVIC Hotel
北京
Beijing, PRC
中国航空报社
AVIC Newspaper
北京
Beijing, PRC
中国航空汽车工业总公司
AVIC Automotive Industry Corp
北京
Beijing, PRC
Schedule 2 - Page 7
Company
名称
地方
中国航空汽车工业控股有限公司
AVIC Automobile Industry Holdinging Co., Ltd
北京
Beijing, PRC
中国航空国际旅行社
AVIC International Travel Service
北京
Beijing, PRC
中国航空学会
China's Aviation Institute
北京
Beijing, PRC
中国航空油料集团公司
AVIC Oil Group Co., Ltd
北京
Beijing, PRC
中国航空空气动力研究院
AVIC Aerodynamics Research Institute
北京
Beijing, PRC
中国航空建设发展总公司
China Aerospace Construction Development Corporation
北京
Beijing, PRC
中国航空建设发展总公司
China Aerospace Construction Development Corporation
北京
Beijing, PRC
中国航空研究院
China Aerospace Research Institute
北京
Beijing, PRC
中国航空科技工业股份有限公司
China Aerospace Science and Technology Industrial Co., Ltd
北京
Beijing, PRC
中国航空海关二级监管库
AVIC Secondary Supervised Warehouse
北京
Beijing, PRC
中国航空港建设总公司
China Airport Construction Corporation
北京
Beijing, PRC
中国航空港建设总公司（本部）
China Airport Construction Corporation (headquarter)
北京
Beijing, PRC
中国航空港建设总公司北京工程开发部
China Airport Construction Corporation Beijing Engineering and Development
department
北京
Beijing, PRC
中国航空港建设总公司直属工程分公司
Engineering Branch Directly Under China Airport Construction Corporation
北京
Beijing, PRC
中国航空港建设总公司钢结构工程分公司
Steel Structure Engineering Branch of China Airport Construction Corporation
北京
Beijing, PRC
中国航空港建设总公司海诚华信工程分公司
Haicheng Huaxin Engineering Branch of China Airport Construction Corporation 北京
Beijing, PRC
中国航空港建设总公司第一工程分公司
China Airport Construction Corporation Engineering, Branch No.1
北京
Beijing, PRC
中国航空港建设总公司第九工程分公司
北京
Beijing, PRC
中国航空港建设总公司第二工程分公司
北京
Beijing, PRC
中国航空港建设总公司第十二工程分公司
北京
Beijing, PRC
中国航空港建设总公司第十八工程分公司
北京
Beijing, PRC
中国航空港建设总公司第十三工程分公司
北京
Beijing, PRC
中国航空港建设总公司第十五工程分公司
北京
Beijing, PRC
中国航空港建设总公司第十六工程分公司
北京
Beijing, PRC
中国航空港建设总公司第十四工程分公司
北京
Beijing, PRC
中国航空港建设总公司第五工程分公司
北京
Beijing, PRC
中国航空港建设总公司第六工程分公司
北京
Beijing, PRC
中国航空港建设总公司第四工程分公司
北京
Beijing, PRC
中国航空港建设总公司进出口贸易分公司
Import and Export Trade Branch of China Airport Construction Corporation
北京
Beijing, PRC
中国航空装备有限责任公司
AVIC Equipment Co., Ltd
北京
Beijing, PRC
中国航空集团旅业有限公司北京民航营业大厦
AVIC Group Travel Trade Co., Ltd., Beijing Civil Aviation Business Building
北京
Beijing, PRC
中国航空集团资产管理公司
China Asset Management Co., Ltd
北京
Beijing, PRC
中国航空器材集团公司
AVIC Supplies Group Co., Ltd
北京
Beijing, PRC
中国航空器材进出口有限责任公司（本部）
AVIC Supplies Import and Export Co., Ltd. (headquarters)
北京
Beijing, PRC
中国航空器材进出口总公司北京分公司
AVIC Supplies Import and Export Corporation, Beijing Branch
北京
Beijing, PRC
中国航空专用保税仓库
AVIC Warehouse
北京
Beijing, PRC
中国航空产业投资基金
AVIC Industry Investment Fund
北京
Beijing, PRC
中国航空传媒广告公司
AVIC Media Advertising Co., Ltd
北京
Beijing, PRC
中国航空综合技术研究所
China Aerospace Composite and Technology Institute
北京
Beijing, PRC
中国航空规划设计研究院
AVIC Planning and Design Institute
北京
Beijing, PRC
中国航空规划建设发展有限公司
AVIC Planning and Construction Development Co., Ltd
北京
Beijing, PRC
中国航空贸促公司
AVIC Trade Promotion Co., Ltd
北京
Beijing, PRC
中国卫星通信集团有限公司
China Satellite Communications Co., Ltd
北京
Beijing, PRC
中国资源卫星应用中心
China Resources Satellite Application Center
北京
Beijing, PRC
中国轻型燃气轮机开发中心
China Light Gas Turbine Development Centre
北京
Beijing, PRC
中油洁能公司
Sino Gas Co., Ltd
北京
Beijing, PRC
中振会计咨询有限责任公司
ZhongZhen Accounting Consulting Co., Ltd
北京
Beijing, PRC
中航二集团民品公司
AVIC ChinaⅡ Civilian Goods Co., Ltd
北京
Beijing, PRC
中航万科有限公司
AVIC Wan Ke Co., Ltd
北京
Beijing, PRC
中航三叶物流投资股份有限公司
AVIC San Ye Logistics Investment Co., Ltd
北京
Beijing, PRC
中航三鑫股份有限公司
AVIC Sanxin Co., Ltd
北京
Beijing, PRC
中航工业
Avition Idustry Corpration of China
北京
Beijing, PRC
中航工业012基地技工技校
Technicians Technical School of AVIC Industrial, No.012 Base
北京
Beijing, PRC
中航工业三二○一医院
AVIC No.3201 Hospital
北京
Beijing, PRC
中航工业三六三医院
北京
Beijing, PRC
中航工业三鑫股份有限公司
AVIC Sanxin Co., Ltd
北京
Beijing, PRC
中航工业气动院北京院区
AVIC Industrial Pneumatic Institute, Beijing
北京
Beijing, PRC
中航工业世新燃气轮机股份有限公司
AVIC Shixin Gas Turbine Co., Ltd
北京
Beijing, PRC
中航工业北京长空机械有限责任公司
AVIC Beijing Changkong Machinery Co., Ltd
北京
Beijing, PRC
中航工业北京长城航空测控技术研究所
AVIC Beijing Great Wall Airlines Measurement and Control Technology Institute 北京
Beijing, PRC
中航工业北京长城计量测试技术研究所
AVIC Beijing Great Wall Measurement Testing Technology Research Institute
北京
Beijing, PRC
中航工业北京青云航空仪表有限公司
AVIC Beijing Qingyun Aviation Instrument Co., Ltd
北京
Beijing, PRC
中航工业北京航空材料研究院
AVIC Beijing Institute of Aviation Materials
北京
Beijing, PRC
中航工业北京航空制造工程研究所
AVIC Beijing Aviation Manufacturing Engineering Research Institute
北京
Beijing, PRC
中航工业北京航空制造工程研究所食品药品机械工程中心
Food and Drug Machinery Engineering Center of AVIC Beijing Aeronautical
Manufacturing Technology Research Institute
北京
Beijing, PRC
Schedule 2 - Page 8
Company
名称
地方
中航工业北京航空精密机械研究所
AVIC Aviation Precision Machinery Research Institute in Beijing
北京
Beijing, PRC
中航工业北京瑞赛科技有限公司
AVIC Beijing Rai Sai Science Technology Co., Ltd
北京
Beijing, PRC
中航工业北京蓝天航空科技有限责任公司
AVIC Beijing Blue Sky Aviation Technology Co., Ltd
北京
Beijing, PRC
中航工业发动机有限责任公司
AVIC Engine Co., Ltd
北京
Beijing, PRC
中航工业发动机控股有限责任公司
AVIC Engine Holdingings Co., Ltd
北京
Beijing, PRC
中航工业发展研究中心
AVIC Industrial Development Research Center
北京
Beijing, PRC
中航工业民用飞机开发公司
AVIC Commercial Aircraft Development Co., Ltd
北京
Beijing, PRC
中航工业汉中群峰机械制造有限公司
AVIC Hanzhong, PRC Qunfeng Machinery Manufacture Co., Ltd
北京
Beijing, PRC
中航工业电测仪器股份有限公司
AVIC Electrical measuring Instrument Co., Ltd
北京
Beijing, PRC
中航工业地产事业公司
AVIC Real Estate Business Co., Ltd
北京
Beijing, PRC
中航工业机电系统有限公司
AVIC Mechanical and Electrical Systems Co., Ltd
北京
Beijing, PRC
中航工业机关服务中心
AVIC Bureau Service Center
北京
Beijing, PRC
中航工业机载设备总公司
AVIC Airborne Equipment Corp
北京
Beijing, PRC
中航工业投资控股有限公司
AVIC Investment Holdinging Co., Ltd
北京
Beijing, PRC
中航工业汽车工业控股有限公司
AVIC Automobile Industry Holdinging Co., Ltd
北京
Beijing, PRC
中航工业系统有限责任公司
AVIC Systems Co., Ltd
北京
Beijing, PRC
中航工业防务分公司
AVIC Industrial Defense Branch
北京
Beijing, PRC
中航工业国际租赁有限责任公司
AVIC International Leasing Co., Ltd
北京
Beijing, PRC
中航工业国营六一二库
AVIC State-run NO. 612 Library
北京
Beijing, PRC
中航工业国营东方仪器厂
AVIC State-run East Manufacturing Co., Ltd
北京
Beijing, PRC
中航工业国营北京曙光电机厂
AVIC State-run Beijing Shuguang Motor Manufacturing Co., Ltd
北京
Beijing, PRC
中航工业—波音制造创新中心
AVIC China- Boeing Manufacturing Innovation Center
北京
Beijing, PRC
中航工业直升机有限责任公司
AVIC Helicopters Co., Ltd
北京
Beijing, PRC
中航工业直升机设计研究所
AVIC Helicopter Design Institute
北京
Beijing, PRC
中航工业空气动力研究院
北京
Beijing, PRC
中航工业空空导弹研究院
AVIC Industrial Institute of Air-to-air Missile
北京
Beijing, PRC
中航工业经济技术研究院
AVIC Industrial economy Institute of Technology
北京
Beijing, PRC
中航工业南方航空工业(集团)有限公司
AVIC South Aviation Industry (Group) Co., Ltd
北京
Beijing, PRC
中航工业科学技术委员会公司
AVIC Committee of Science and Technology Co., Ltd
北京
Beijing, PRC
中航工业特种飞行器研究所
AVIC Special Craft Institute
北京
Beijing, PRC
中航工业航宇救生装备有限公司
AVIC Aeronautical Life-saving Equipment Co., Ltd
北京
Beijing, PRC
中航工业航空电子有限公司
AVIC Aeronautical Electronics Co., Ltd
北京
Beijing, PRC
中航工业航空电子系统有限责任公司
AVIC Aeronautical Electronics System Co., Ltd
北京
Beijing, PRC
中航工业航空动力机械研究所
AVIC Aviation Machinery Research Institute
北京
Beijing, PRC
中航工业航空动力控制系统研究所
AVIC Aviation Power Control System
北京
Beijing, PRC
中航工业航空装备有限公司
AVIC Aviation Equipment Co., Ltd
北京
Beijing, PRC
中航工业航空证券公司
AVIC Securities
北京
Beijing, PRC
中航工业勘察设计研究院
AVIC Survey and Design Institute
北京
Beijing, PRC
中航工业商用飞机发动机有限责任公司
AVIC Commercial Aircraft Engine Co., Ltd
北京
Beijing, PRC
中航工业培训中心
AVIC ChinaTraining Center
北京
Beijing, PRC
中航工业基础技术研究院
AVIC Supporting Technology Institute
北京
Beijing, PRC
中航工业第三设计研究院
The Third Design Institute of AVIC
北京
Beijing, PRC
中航工业通用飞机有限责任公司
AVIC General Aircraft Co., Ltd
北京
Beijing, PRC
中航工业通用飞机有责任公司
AVIC General Aircraft Co., Ltd
北京
Beijing, PRC
中航工业期货公司
AVIC Futures Co., Ltd
北京
Beijing, PRC
中航工业集团财务有限责任公司
AVIC Financel Co., Ltd
北京
Beijing, PRC
中航工业新乡航空工业(集团)有限公司
AVIC Xinxiang Aviation Industry (Group) Co., Ltd
北京
Beijing, PRC
中航工业雷达与电子设备研究院
AVIC Radar and Electronic Equipment Research Institute
北京
Beijing, PRC
中航工业燃气涡轮研究院
AVIC Gas Turbine Research Institute
北京
Beijing, PRC
中航工业燃机动力集团有限公司
AVIC Gas Turbine Power Group Co., Ltd
北京
Beijing, PRC
中航工业襄樊医院
AVIC ChinaXiangfan Hospital
北京
Beijing, PRC
中航工业兰州万里航空机电有限责任公司
AVIC Lanzhou Wanli Aviation ElectroMechanical Co., Ltd
北京
Beijing, PRC
中航工业兰州飞行控制有限责任公司
AVIC Lanzhou Flight Control Co., Ltd
北京
Beijing, PRC
中航工业凯天电子股份有限公司
AVIC Kaitian Electronics Co., Ltd
北京
Beijing, PRC
中航工业凯信实业有限公司
AVIC Kaixin Industrial Co., Ltd
北京
Beijing, PRC
中航工业凯瑞海外公司
AVIC Kairui Co., Ltd ,overseas branch
北京
Beijing, PRC
中航工业档案馆
AVIC Archive Institute
北京
Beijing, PRC
中航工业综合技术研究所
AVIC Technology Institute
北京
Beijing, PRC
中航工业职业技能鉴定指导中心
AVIC Vocational Skills Appraisal Centers
北京
Beijing, PRC
中航工业规划设计研究院
AVIC Planning Design and Research Institute
北京
Beijing, PRC
中航工业规划建设发展有限责任公司
AVIC Planning and Construction Development Co., Ltd
北京
Beijing, PRC
中航工业试飞中心公司
AVIC China Trial Flight Center Co., Ltd
北京
Beijing, PRC
中航工业财务有限责任公司
AVIC Finance Co., Ltd
北京
Beijing, PRC
中航工业资产管理事业部公司
AVIC Industrial Assets Management department of the Co., Ltd
北京
Beijing, PRC
中航广告公司
AVIC Advertising Co., Ltd
北京
Beijing, PRC
Schedule 2 - Page 9
Company
名称
地方
中航中关村科技有限公司
AVIC Zhongguancun Science and Technology Co., Ltd
北京
Beijing, PRC
中航文化股份有限公司
AVIC Culture Co., Ltd
北京
Beijing, PRC
中航文化集团有限公司
AVIC Culture Group Co., Ltd
北京
Beijing, PRC
中航世新燃气轮机股份有限公司
AVIC China Shi Xin Gas Turbine Co., Ltd
北京
Beijing, PRC
中航东方船务有限公司
AVIC East Shipping Co., Ltd
北京
Beijing, PRC
中航主题地产事业公司
AVIC Zhuti Real Estate Co., Ltd
北京
Beijing, PRC
中航出版传媒有限责任公司
AVIC Publishing & Media Co., Ltd
北京
Beijing, PRC
中航北方资产经营管理(北京)有限公司
AVIC China Bei Fang Asset Management (Beijing) Co., Ltd
北京
Beijing, PRC
中航发动机有限责任公司
AVIC Engine Co., Ltd
北京
Beijing, PRC
中航发动机控股有限公司
AVIC Engine Holding Co., Ltd
北京
Beijing, PRC
中航发投资管理有限公司
AVIC Investment Management Co., Ltd
北京
Beijing, PRC
中航电子
AVIC Electronic
北京
Beijing, PRC
中航石油有限公司
AVIC Oil Co., Ltd
北京
Beijing, PRC
中航交通经贸有限公司
AVIC Transport Economic and Trade Co., Ltd
北京
Beijing, PRC
中航企业有限公司
AVIC Enterprises Co., Ltd
北京
Beijing, PRC
中航光电
AVIC Photoelectric Co., Ltd
北京
Beijing, PRC
中航兴业有限公司
AVIC Industrial Co., Ltd
北京
Beijing, PRC
中航动力科技工程有限责任公司
AVIC Power Technology Engineering Co., Ltd
北京
Beijing, PRC
中航动力控制股份有限公司
AVIC Power Control Co., Ltd
北京
Beijing, PRC
中航地产九方公司
AVIC Real Estate Jiufang Co., Ltd
北京
Beijing, PRC
中航地产中航城公司
AVIC Real Estate AVIC City Co., Ltd
北京
Beijing, PRC
中航地产股份有限公司
AVIC Real Estate Co., Ltd
北京
Beijing, PRC
中航有限公司
AVIC Co., Ltd.
北京
Beijing, PRC
中航机电设备有限公司
AVIC Mechanical and Electrical Equipment Co., Ltd
北京
Beijing, PRC
中航机电系统有限公司
AVIC Mechanical and Electrical Systems Co., Ltd
北京
Beijing, PRC
中航百慕新材料技术工程股份有限公司
AVIC China Baimu New Materials Technology Engineering Co., Ltd
北京
Beijing, PRC
中航网信(北京)科技有限公司
AVIC ChinaNetwork Technology (Beijing) Co., Ltd
北京
Beijing, PRC
中航别拉斯矿山机械有限公司
AVIC China Beras Mining Machinery Co., Ltd
北京
Beijing, PRC
中航技(北京)工程管理有限公司
AVIC(Beijing) Project Management Co., Ltd
北京
Beijing, PRC
中航技术设备有限公司
AVIC Equipment Co., Ltd
北京
Beijing, PRC
中航技投资有限责任公司
AVIC Investment Co., Ltd
北京
Beijing, PRC
中航技国际工贸公司
AVIC International Industry and Trade Co., Ltd
北京
Beijing, PRC
中航技国际经贸发展有限公司
AVIC International Economic and Trade Development Co., Ltd
北京
Beijing, PRC
中航技国际储运有限公司
AVIC International Storage and Transportation Co., Ltd
北京
Beijing, PRC
中航技国际储运有限责任公司
AVIC International Storage and Transportation Co., Ltd
北京
Beijing, PRC
中航技房地产开发有限公司
AVIC Real Estate Development Co., Ltd
北京
Beijing, PRC
中航技易发投资有限公司
AVIC Jiyi Investment Co., Ltd
北京
Beijing, PRC
中航技物业管理有限责任公司
AVIC Property Management Co., Ltd
北京
Beijing, PRC
中航技进出口有限责任公司
AVIC Import and Export Co., Ltd
北京
Beijing, PRC
中航技顾问管理有限公司
AVIC Consultant Management Co., Ltd
北京
Beijing, PRC
中航投资有限公司
AVIC China Investment Co., Ltd
北京
Beijing, PRC
中航投资控股有限公司
AVIC China Investment Holdinging Co., Ltd
北京
Beijing, PRC
中航投资控股有限责任公司
AVIC China Investment Holdinging Co., Ltd
北京
Beijing, PRC
中航沈飞（北京）装饰工程有限公司
AVIC Shenfei (Beijing) Decoration Engineering Co., Ltd
北京
Beijing, PRC
中航系统有限责任公司
AVIC System Co., Ltd
北京
Beijing, PRC
中航供销华北公司
AVIC Supply and Marketing Co., Ltd , Hua Bei Branch
北京
Beijing, PRC
中航供销总公司
AVIC Supply and Marketing Corporation
北京
Beijing, PRC
中航国运国际科贸有限公司
AVIC International Trade Co., Ltd
北京
Beijing, PRC
中航国际工程公司
AVIC International Engineering Co., Ltd
北京
Beijing, PRC
中航国际工贸公司
AVIC International Industry and Trade Co., Ltd
北京
Beijing, PRC
中航国际北京公司
AVIC International Beijing Co., Ltd
北京
Beijing, PRC
中航国际成套设备有限公司
AVIC International Equipment Co., Ltd
北京
Beijing, PRC
中航国际有限公司
AVIC International Co., Ltd
北京
Beijing, PRC
中航国际供销华北公司
AVIC International Supply and Marketing Co., Ltd, Hua Bei Branch
北京
Beijing, PRC
中航国际供销西北公司
AVIC International Supply and Marketing Co., Ltd, Xi Bei Branch
北京
Beijing, PRC
中航国际供销总公司
AVIC International Supply and Marketing Corporation
北京
Beijing, PRC
中航国际经贸公司
AVIC International Economic and Trade Co., Ltd
北京
Beijing, PRC
中航国际钢铁贸易有限公司
AVIC International Steel Trade Co., Ltd
北京
Beijing, PRC
中航国际海运有限公司
AVIC International Shipping Co., Ltd
北京
Beijing, PRC
中航国际航空发展有限公司
AVIC International Aviation Development Co., Ltd
北京
Beijing, PRC
中航国际航运有限公司
AVIC International Shipping Co., Ltd
北京
Beijing, PRC
中航国际控股股份有限司
AVIC International Holdings Co., Ltd
北京
Beijing, PRC
中航国际清洁能源发展有限公司
AVIC International Clean Energy Development Co., Ltd
北京
Beijing, PRC
中航国际船舶设计有限公司
AVIC International Ship Design Co., Ltd
北京
Beijing, PRC
中航国际船舶航运设计有限公司
AVIC International Marine Shipping Co., Ltd
北京
Beijing, PRC
Schedule 2 - Page 10
Company
名称
地方
中航国际新能源中和中公司
AVIC International New Energy He Zhong Co., Ltd
北京
Beijing, PRC
中航国际新能源中航光合公司
AVIC Photosynthetic Branch of AVIC International New energy Co., Ltd
北京
Beijing, PRC
中航国际新能源发展有限公司
AVIC International New energy Development Co., Ltd
北京
Beijing, PRC
中航国际福建公司
AVIC International Co., Ltd (Fujian)
北京
Beijing, PRC
中航国际凯融有限公司
AVIC International Kai Rong Co., Ltd
北京
Beijing, PRC
中航国际货运有限公司
AVIC International Freight Co., Ltd
北京
Beijing, PRC
中航实业(集团)有限公司
AVIC Industry (Group) Co., Ltd
北京
Beijing, PRC
中航实业有限公司
AVIC Industry Co., Ltd
北京
Beijing, PRC
中航林业有限公司
AVIC Forestry Co., Ltd
北京
Beijing, PRC
中航物业管理有限公司
AVIC Real Estate Management Co., Ltd
北京
Beijing, PRC
中航物流有限公司
AVIC Logistics Co., Ltd
北京
Beijing, PRC
中航物联技术（北京）有限公司
AVIC Union Technology (Beijing) Co., Ltd
北京
Beijing, PRC
中航空港教育集团有限公司
AVIC Education Group Co., Ltd
北京
Beijing, PRC
中航运有限公司
AVIC Shipping Co., Ltd
北京
Beijing, PRC
中航远景(北京)科技股份有限公司
AVIC China Vision (Beijing) Technology Co., Ltd
北京
Beijing, PRC
中航邮贸易物流有限公司
AVIC Postal Trade Logistics Co., Ltd
北京
Beijing, PRC
中航金网(北京)电子商务有限公司
AVIC (Beijing) Electronic Commerce Co., Ltd
北京
Beijing, PRC
中航金网电子商务有限公司
AVIC Electronic Commerce Co., Ltd
北京
Beijing, PRC
中航金鑫工贸发展有限公司
AVIC Jinixin Industry &Trade Development Co., Ltd
北京
Beijing, PRC
中航信托股份有限公司
AVIC China Trust Co., Ltd
北京
Beijing, PRC
中航信息技术投资有限公司
AVIC China Information Technology Investment Co., Ltd
北京
Beijing, PRC
中航信集团投资控股股份有限公司
AVIC China Information Investment Holdinging (Group) Co., Ltd
北京
Beijing, PRC
中航咨询（北京）有限公司
AVIC Consulting (Beijing) Co., Ltd
北京
Beijing, PRC
中航城事业部公司
AVIC City Group Co., Ltd
北京
Beijing, PRC
中航建总公司
AVIC Building Corporation
北京
Beijing, PRC
中航建筑工程有限公司
AVIC Building Engineering Co., Ltd
北京
Beijing, PRC
中航科技(中国)有限公司
AVIC Technology(China) Co., Ltd
北京
Beijing, PRC
中航科技有限公司
AVIC TechnologyCo., Ltd
北京
Beijing, PRC
中航美林机械设备有限公司
AVIC Meilin Machinery Equipment Co., Ltd
北京
Beijing, PRC
中航荣欣投资有限公司
AVIC Rongxin Investment Co., Ltd
北京
Beijing, PRC
中航重科集团有限公司
CAIST Group Co., Ltd
北京
Beijing, PRC
中航泰德(国际)实业投资建设集团有限公司
AVIC Tai De (International) Industrial Investment Construction Group Co., Ltd
北京
Beijing, PRC
中航海运股份有限公司
北京
Beijing, PRC
中航航空电子有限公司
AVIC Aviation Electronic Co., Ltd
北京
Beijing, PRC
中航航空电子设备股份有限公司
AVIC Aviation Electronic Equipment Co., Ltd
北京
Beijing, PRC
中航航空电子系统有限责任公司
AVIC Aviation Electronic System Co., Ltd
北京
Beijing, PRC
中航航空设备技术有限公司
AVIC Aviation Equipment Technology Co., Ltd
北京
Beijing, PRC
中航航空装备有限责任公司
AVIC Aviation Equipment Co., Ltd
北京
Beijing, PRC
中航配件及增值服务集团有限公司
AVIC Value-added Services Group Co., Ltd
北京
Beijing, PRC
中航高科技发展有限公司
AVIC High Technology Development Co., Ltd
北京
Beijing, PRC
中航高新材料集团有限公司
AVIC High-Tech Materials Group Co., Ltd
北京
Beijing, PRC
中航假期有限公司
AVIC Holiday Co., Ltd
北京
Beijing, PRC
中航勘察设计研究院
AVIC Survey and Design Institute
北京
Beijing, PRC
中航商用飞机有限公司
AVIC Commercial Aircraft Corporation Ltd
北京
Beijing, PRC
中航商贸有限公司
AVIC Commercial and Trade Co., Ltd
北京
Beijing, PRC
中航基实业有限公司
AVIC Industrial Co., Ltd
北京
Beijing, PRC
中航第一集团财务有限责任公司
AVIC Finance Co., Ltd
北京
Beijing, PRC
中航船务有限公司
北京
Beijing, PRC
中航船舶投资有限公司
AVIC Shipping Investment Co., Ltd
北京
Beijing, PRC
中航通用技术有限公司
AVIC General Technology Co., Ltd
北京
Beijing, PRC
中航联运股份有限公司
AVIC China Transport Co., Ltd
北京
Beijing, PRC
中航联盟控股集团有限公司
AVIC Alliance Holdinging Group Co., Ltd
北京
Beijing, PRC
中航超级干线有限公司
AVIC Chaoji Ganxian Co., Ltd
北京
Beijing, PRC
中航集团控股有限公司
AVIC Group Holdingings Co., Ltd
北京
Beijing, PRC
中航集运有限公司
AVIC Freight Co., Ltd
北京
Beijing, PRC
中航新能源国际发展有限公司
AVIC International New Energy Development Co., Ltd
北京
Beijing, PRC
中航鼎尚华庭公司
AVIC C DingShang Huating Co., Ltd
北京
Beijing, PRC
中航模型有限公司
AVIC Model Co., Ltd
北京
Beijing, PRC
中航黎明电力工程技术有限公司
AVIC Liming Power Engineering Technology Co., Ltd
北京
Beijing, PRC
中航凯新(北京)船舶有限公司
AVIC Kai Xin (Beijing) Shipping Co., Ltd
北京
Beijing, PRC
中航枭龙投资管理(北京)有限公司
AVIC China Xiaolong Investment Management (Beijing) Co., Ltd
北京
Beijing, PRC
中航码头运输有限公司
AVIC Ferry Transport Co., Ltd
北京
Beijing, PRC
中航莱斯联合项目有限公司
AVIC Lai Si Joint Project Co., Ltd
北京
Beijing, PRC
中航证券北京营业部
AVIC Securities (Beijing Division)
北京
Beijing, PRC
中航证券资产管理分公司
AVIC Securities Assets Management Branch
北京
Beijing, PRC
Company
名称
地方
中航证卷有限公司
AVIC Securities Co., Ltd
北京
Beijing, PRC
中航贸易有限公司
AVIC China Trading Co., Ltd
北京
Beijing, PRC
中航贸易商行有限公司
AVIC China Trade Business Co., Ltd
北京
Beijing, PRC
中航资源公司
AVIC Resources Co., Ltd
北京
Beijing, PRC
天马微电子股份有限公司
Tianma Micro Electronics Co., Ltd
北京
Beijing, PRC
天合导航通信技术有限公司
Tianhe Navigation communication Technology Co., Ltd
北京
Beijing, PRC
天虹商场大西洋公司
Tianhong Dept. Store (Daxiyang Branch) Co., Ltd Co., Ltd
北京
Beijing, PRC
天虹商场股份有限公司
Tianhong Dept. Store Co., Ltd
北京
Beijing, PRC
北亚实业(集团)股份有限公司
Beiya Industrial (Group) Co., Ltd
北京
Beijing, PRC
北京力威尔航空精密机械有限公司
Beijing Liweier Aviation Precision Machinery Co., Ltd
北京
Beijing, PRC
北京千秋营宸房地产开发有限公司
Beijing Qianqiu Real Estate Development Co., Ltd
北京
Beijing, PRC
北京中工企业有限公司
Beijing Zhonggong enterprise Co., Ltd
北京
Beijing, PRC
北京中航大厦有限公司
AVIC Beijing Building Co., Ltd
北京
Beijing, PRC
北京中航百惠物业管理有限责任公司
AVIC Beijing Baihui Property Management Co., Ltd
北京
Beijing, PRC
北京中航国际物产有限公司
AVIC Beijing International product Co., Ltd
北京
Beijing, PRC
北京中航美林机械设备有限公司
AVIC Beijing Mei Lin Machinery Equipment Co., Ltd
北京
Beijing, PRC
北京中航美林机械设备有限责任公司
AVIC Beijing Mei Lin Machinery Equipment Co., Ltd
北京
Beijing, PRC
北京中航浙火电力工程有限公司
AVIC Beijing Zhe Huo Power Engineering Co., Ltd
北京
Beijing, PRC
北京中航博信投资管理有限公司
AVIC Beijing Boxin Investment Management Co., Ltd
北京
Beijing, PRC
北京中航翔天建筑装饰工程有限公司
AVIC Beijing xiang tian building Decoration Engineering Co., Ltd
北京
Beijing, PRC
北京中航瑞信投资管理有限公司
AVIC Beijing credit suisse Investment Management Co., Ltd
北京
Beijing, PRC
北京中航瑞信房地产开发有限责任公司
AVIC Beijing credit suisse Real Estate Development Co., Ltd
北京
Beijing, PRC
北京中航鑫物业管理有限公司
AVIC Beijing xin Property Management Co., Ltd
北京
Beijing, PRC
北京中航枭龙科技发展有限公司
CNAC Science and Technology Development Co Ltd
北京
Beijing, PRC
北京中航汇金投资顾问有限公司
AVIC Beijing Huijin Investment consulting Co., Ltd
北京
Beijing, PRC
北京中航汇通公务机场投资管理有限公司
AVIC Beijing Huitong Business Airport Investment Management Co., Ltd
北京
Beijing, PRC
北京云湖度假村有限公司
Beijing Yunhu Holiday Resort Co., Ltd
北京
Beijing, PRC
北京太航力合测控技术有限公司
Beijing's Taihang Measurement and Control Technology Co., Ltd
北京
Beijing, PRC
北京太航世科机载电子科技有限公司
Beijing Taihangshike Airborne Electronic Technology Co., Ltd
北京
Beijing, PRC
北京贝特里戴瑞科技发展有限公司
Beijing Beiterry Dai Rui Science and Technology Development Co., Ltd
北京
Beijing, PRC
北京东方计量测试研究所
Beijing Oriental Institute of metrology Testing
北京
Beijing, PRC
北京北大西飞科技发展有限公司
Beijing Peking-University Xi Fei Science and Technology Development Co., Ltd
北京
Beijing, PRC
北京四合院项目公司
Beijing Siheyun Project Co., Ltd
北京
Beijing, PRC
北京市普利门电子科技有限公司
Beijing Pulimen Electronic Technology Co., Ltd
北京
Beijing, PRC
北京市兰天达汽车清洁燃料科技技术有限公司
Beijing Lantianda Car Clean Fuel Technology Co., Ltd
北京
Beijing, PRC
北京民机航空服务中心
Beijing Commercial Airline Service Center
北京
Beijing, PRC
北京长空机械公司
Beijing Changkong Machinery Co., Ltd
北京
Beijing, PRC
北京长空机械有限责任公司
Beijing Changkong Machinery Co., Ltd
北京
Beijing, PRC
北京长空机械有限责任公司民品分公司
Beijing Civilian Goods Co., Ltd , Changkong Machinery Branch
北京
Beijing, PRC
北京长空机械有限责任公司燃油燃气技术开发分公司
Fuel Gas Technology Development Co., Ltd., Branch Beijing Changkong
Machinery
北京
Beijing, PRC
北京长城航空测控技术研究所
Beijing Great Wall Airlines Measurement and Control Technology Institute
北京
Beijing, PRC
北京长城计量测试技术研究所
Beijing Great Wall Measurement Testing Technology Research Institute
北京
Beijing, PRC
北京兴华机械厂
Beijing Xinghua Machinery Manufacturing Co., Ltd
北京
Beijing, PRC
北京华信泰科技有限公司
Beijing Huaxintai Technology Co., Ltd
北京
Beijing, PRC
北京华航展览有限公司
Beijing Huahang Exhibition Service Co., Ltd
北京
Beijing, PRC
北京江瑞文化发展有限公司
Beijing JiangRui Culture Development Co., Ltd
北京
Beijing, PRC
北京百慕合金有限责任公司
Beijing Baimu Alloy Co., Ltd
北京
Beijing, PRC
北京百慕航材高科技股份有限公司
Beijing Baimu Materials Technology Co., Ltd
北京
Beijing, PRC
北京时代民芯科技有限公司
Beijing Times Minxin Technology Co., Ltd
北京
Beijing, PRC
北京时尚天虹百货有限公司
Tianhong Dept. Store (Beijing fashion store)
北京
Beijing, PRC
北京沈飞通路机房设备技术有限公司
Beijing Shen Fei Computer Equipment Technology Co., Ltd
北京
Beijing, PRC
北京金贵航招待所有限公司
Beijing JinGuihang Hostel Co., Ltd
北京
Beijing, PRC
北京青云航空仪表公司
Beijing Qingyun Aviation Instrument Co., Ltd
北京
Beijing, PRC
北京城市公司
Beijing City Co., Ltd
北京
Beijing, PRC
北京星期五餐饮有限公司
Beijing Fridays Catering Co., Ltd
北京
Beijing, PRC
北京禹王星科技有限责任公司
Beijing Yuwang Xing Technology Co., Ltd
北京
Beijing, PRC
北京荣轩投资发展有限公司
Beijing RongXuan Investment Development Co., Ltd
北京
Beijing, PRC
北京海纳川航盛汽车电子有限公司
Beijing Hainnachuan Hangsheng Automobile Electronic Co., Ltd
北京
Beijing, PRC
北京神舟航天智慧科技有限公司
Beijing Shenzhou Aerospace Intelligent Technology Co., Ltd
北京
Beijing, PRC
北京神舟航天软件技术有限公司
Beijing Shenzhou Aerospace Software Technology Co., Ltd
北京
Beijing, PRC
北京航天万源物业管理有限公司
Beijing Aerospace Wanyuan Property Management Co., Ltd
北京
Beijing, PRC
北京航天发射技术研究所
Beijing Space launch Technology Institute
北京
Beijing, PRC
北京航天四创软件技术有限责任公司
Beijing Aerospace Sichuan, PRCg Software Technology Co., Ltd
北京
Beijing, PRC
北京航天光华电子技术有限公司
Beijing Guanghua Electronic Technology Co., Ltd
北京
Beijing, PRC
北京航天动力研究所
Beijing Aerospace Power Research Institute
北京
Beijing, PRC
Company
名称
地方
北京航天机电技术研究所
Siemens Manufacturing Co., Ltd Automation Engineering Co., Ltd
北京
Beijing, PRC
北京航天伺服技术研究所
Beijing Aerospace Service Technology Institute
北京
Beijing, PRC
北京航天时代光电科技有限公司
Beijing Shi Dai Photoelectric Technology Co., Ltd
北京
Beijing, PRC
北京航天时代激光导航技术有限责任公司
Beijing Shi Dai Laser Navigation Technology Co., Ltd
北京
Beijing, PRC
北京航天总医院
Beijing Aerospace General Hospital
北京
Beijing, PRC
北京航天金泰星测技术有限公司
Beijing Aerospace Jintai Xing Technology Co., Ltd
北京
Beijing, PRC
北京航天航空学会
Beijing Aerospace Institute
北京
Beijing, PRC
北京航天控制仪器研究所
Beijing Aerospace Control Instrument Research Institute
北京
Beijing, PRC
北京航天微机电技术研究所
Beijing Aerospace Micro-ElectroMechanical Technology Institute
北京
Beijing, PRC
北京航天微系统研究所
Beijing Aerospace Institute of Micro System
北京
Beijing, PRC
北京航天计量测试技术研究所
Beijing Aerospace Measurement Testing Technology Research Institute
北京
Beijing, PRC
北京航天试验技术研究所
Beijing Aerospace Institute of Test Technique
北京
Beijing, PRC
北京航材百慕合力高分子材料有限公司
Beijing Baimu Chain Polymer Materials Co., Ltd
北京
Beijing, PRC
北京航材百慕新材料技术工程股份有限公司
Beijing Baimu New Materials Technology Engineering Co., Ltd
北京
Beijing, PRC
北京航空华北汽车贸易有限责任公司
Beijing Aviation North China Automobile Trade Co., Ltd
北京
Beijing, PRC
北京航空材料研究院
Beijing Aviation Materials Institute
北京
Beijing, PRC
北京航空制造工程研究所
Beijing Aviation Manufacturing Engineering Research Institute
北京
Beijing, PRC
北京航空制造工程研究所203中心
Beijing Aviation Manufacturing Engineering Institute, No.203 Center
北京
Beijing, PRC
北京航空精密机械研究所
Beijing Aviation Precision Machinery Institute
北京
Beijing, PRC
北京航科发动机控制系统科技有限公司
Beijing Hangke Engine Control System Technology Co., Ltd
北京
Beijing, PRC
北京航程投资管理有限公司
BeijingHangcheng Investment Management Co., Ltd
北京
Beijing, PRC
北京航蓬电源电子有限公司
Beijing Hangpeng Power Electronics Co., Ltd
北京
Beijing, PRC
北京航鑫园宾馆
Beijing Hangxinyuan Hotel
北京
Beijing, PRC
北京富铭投资发展有限公司
Beijing FuMing Investment Development Co., Ltd
北京
Beijing, PRC
北京普利门电子科技有限公司
Beijing Pulimen Electronic Technology Co., Ltd
北京
Beijing, PRC
北京瑞信科技有限公司
Beijing Wubo Ruixin Technology Co.,Ltd
北京
Beijing, PRC
北京瑞赛科技有限公司
Beijing Raisesciencei Technology Co., Ltd
北京
Beijing, PRC
北京瑞赛科技有限公司科技服务中心
Beijing raisescience Technology Co., Ltd. Science and Technology Service
Center
北京
Beijing, PRC
北京裕达投资发展有限公司
Beijing YuDa Investment Development Co., Ltd
北京
Beijing, PRC
北京黎明航发动力科技有限公司
Beijing Li Ming Hangfa Power Technology Co., Ltd
北京
Beijing, PRC
北京曙光电机厂
Beijing Shuguang Motor Manufacturing Co., Ltd
北京
Beijing, PRC
北京曙光航空电气有限责任公司
Beijing Shuguang Aviation Electric Co., Ltd
北京
Beijing, PRC
北京凯廸克投资管理有限公司
Beijing AVIC ChinaInvestment Management Co., Ltd
北京
Beijing, PRC
北京凯廸克格兰云天酒店
Beijing AVIC Kai Di Ke Ge Lan Yun Tian Hotel
北京
Beijing, PRC
北京凯廸克酒店
Beijing AVIC Hotel
北京
Beijing, PRC
北京凯普精益机电技术有限公司
Beijing Kaipu Lean Electrical and Mechanical Technology Co., Ltd
北京
Beijing, PRC
北京凯普计算机软件系统工程公司
Beijing Kaipu Engineering Computer Software System Co., Ltd
北京
Beijing, PRC
北京卫星制造厂
Beijing Satellite Manufacturer
北京
Beijing, PRC
北京汇盈集成投资咨询有限公司
Beijing Huiying Ji cheng Investment consulting Co., Ltd
北京
Beijing, PRC
北京维思韦尔公司
Beijing Weisi Wie'er Co., Ltd
北京
Beijing, PRC
北航天华产业集团
Beijing Beihang Tianhua Industry Group
北京
Beijing, PRC
北航资产经营管理公司
Beihang Asset Management Co., Ltd
北京
Beijing, PRC
长征火箭技术股份有限公司无人机办
ChangZheng Rocket Launch Technology Co., Ltd.
北京
Beijing, PRC
伊格菜特航空技术有限公司
Eaglet Aero-Technology Inc.
北京
Beijing, PRC
江西昌河航空工业有限公司
Jiangxi Changhe Aircraft Industry Co., Ltd
北京
Beijing, PRC
江南证券有限责任公司
Jiangnan Securities Co., Ltd
北京
Beijing, PRC
老大昌等投资企业
Lao Dachang Investment Enterprise
北京
Beijing, PRC
西飞集团进出口有限公司北京办事处
Xifei Import and Export Co., Ltd. Beijing office
北京
Beijing, PRC
西安飞机工业(集团)金属幕墙挂板有限公司北京办事处
Xifei Meatal Curtain Wall Taiwan Co., Ltd., Beijing office
北京
Beijing, PRC
沈阳沈飞集团铝业幕墙工程有限公司北京分公司
Shenyang Shenfei Aluminum Curtain Wall Engineering Co., Ltd., Beijing Branch 北京
Beijing, PRC
佳力发展有限公司
Jiali Development Co., Ltd
北京
Beijing, PRC
和利投资有限公司
Heli Investment Co., Ltd
北京
Beijing, PRC
国防工业特种焊接技术研究应用中心
Special Welding Technology Research and Application Center
北京
Beijing, PRC
幸福航空有限责任公司
Xingfu Airlines Co., Ltd
北京
Beijing, PRC
昊威有限公司
Haowei Co., Ltd.
北京
Beijing, PRC
直播星数字信息技术有限公司
Digital information Technology Co., Ltd
北京
Beijing, PRC
首都航天机械公司
Capital Aerospace Machinery Co., Ltd
北京
Beijing, PRC
航天九院第十六研究所
16th Institute of Aerospace 9th Academy
北京
Beijing, PRC
航天东方红卫星有限公司
Aerospace Dongfanghong Satellite Co., Ltd
北京
Beijing, PRC
航天四创科技有限责任公司
Space Sichuan, PRCg Technology Co., Ltd
北京
Beijing, PRC
航天长征火箭技术有限公司
Aerospace Chang Zheng Rocket Technology Co., Ltd
北京
Beijing, PRC
航天长征国际贸易有限公司
Aerospace Chang Zheng International Trade Co., Ltd
北京
Beijing, PRC
航天时代电子技术股份有限公司
China Aerospace Shi Dai Electronics CO., LTD
北京
Beijing, PRC
航天恒星科技有限公司
Space Hengxing Technology Co., Ltd
北京
Beijing, PRC
航天科技进出口有限公司
Aerospace Science and Technology Import and Export Co., Ltd
北京
Beijing, PRC
Company
名称
地方
航天控股工业有限公司
Space Holdinging Industrial Co., Ltd
北京
Beijing, PRC
航天数位传媒有限公司
Space Digital Media Co., Ltd
北京
Beijing, PRC
航天新世界科技有限公司
Space New world Technology Co., Ltd
北京
Beijing, PRC
航天新商务信息科技有限公司
Space New Business Information Technology Co., Ltd
北京
Beijing, PRC
航发公司
Hangfa Co., Ltd
北京
Beijing, PRC
航发投资管理有限公司
Hangfa Investment Management Co., Ltd
北京
Beijing, PRC
航宇投资有限公司
Hangyu Investment Co., Ltd
北京
Beijing, PRC
航空工业机关服务中心
Aviation Authority Service Center
北京
Beijing, PRC
航空工业机关服务中心文印部
Printing Department of Aviation Bureau Service Center
北京
Beijing, PRC
航空工业机关服务中心物业部
Property DepartmentAviation Bureau Service Center of the
北京
Beijing, PRC
航空工业机关服务中心运输部
Transportation Department of Aviation Bureau Service Center
北京
Beijing, PRC
航空工业机关服务中心餐饮部
Food and Beverage Department of Aviation Bureau Service Center
北京
Beijing, PRC
航空工业机关服务中心资产运营部
Assets Operation Department of Aviation Bureau Service Center
北京
Beijing, PRC
航空工业档案馆
Archives of Aviation Industry
北京
Beijing, PRC
航空发动机厂
Aviation Engine Plant
北京
Beijing, PRC
航空总医院
Aviation General Hospital
北京
Beijing, PRC
航空信托投资公司
Aviation Trust and Investment Co., Ltd
北京
Beijing, PRC
航星国际自动控制工程有限公司
Aviation Star International Automatic Control Engineering Co., Ltd
北京
Beijing, PRC
航标公司
Navigation Co., Ltd
北京
Beijing, PRC
深圳市成飞实业有限公司北京办事处
Shenzhen Chengfei Industrial Co., Ltd. Beijing office
北京
Beijing, PRC
瑞赛公司
Ruisai Co., Ltd
北京
Beijing, PRC
鑫诺卫星通信有限公司
Xinnuo Satellite communications Co., Ltd
北京
Beijing, PRC
贵州贵航汽车零部件股份有限公司
Guizhou Guihang Automotive Components Co., Ltd
北京
Beijing, PRC
领进国际有限责任公司
Lingjin International Co., Ltd
北京
Beijing, PRC
中航技古巴公司
AVIC Cuba's Co., Ltd
古巴
Havanna, Cuba
台湾三朋公司
Taiwan Sanpeng Co., Ltd
台湾
Taipeh, Taiwan
中国航空技术四川有限公司
AVIC TechnologyCo., Ltd in Sichuan, PRC province
四川
Chengdu, Sichuan Province, PRC
四川
四川
中航工业四川泛华航空仪表电器厂
中航工业四川航空工业川西机器有限责任公司
AVIC Sichuan, PRC Fanhua Aviation Instrument & Electric Appliance
Manufacturing Co., Ltd
AVIC Sichuan, PRC Aerospace Industry Western Sichuan, PRC Machinery Co.,
Ltd
中航工业四川航空工业局
AVIC Sichuan, PRC Aerospace Industry
四川
中航工业四川航空液压机械厂
AVIC Aviation Hydraulic Machinery Manufacturing Co., Ltd (Sichuan, PRC)
四川
四川中航物资贸易有限公司
Sichuan, PRC AVIC SuppliesTrade Co., Ltd
四川
四川亚光银联贸易有限公司
Sichuan, PRC Yaguang Yinlian Trade Co., Ltd
四川
四川航空工业局
Sichuan, PRC Aerospace Industry
四川
四川荆燕贸易有限责任公司
Sichuan, PRC JingYan Trade Co., Ltd
四川
四川德阳中航工贸有限公司
Sichuan, PRC Deyang AVIC Industrial and Trading Co., Ltd
四川
四维航空遥感有限公司
The Four-dimensional Aviation Remote Sensing Co., Ltd
四川
中航工业成都凯天电子股份有限公司
AVIC Chengdu CAIC Electronic Co., Ltd
四川成都
中国航空技术宁波有限公司
Ningbo, PRC AVIC TechnologyCo., Ltd
宁波
Ningbo, Zheijang Province, PRC
宁波江北天航工贸有限公司
Ningbo, PRC Jiangbei Tianhang Industry and Trade Co., Ltd
宁波
宁波经济技术开发区天航物资有限公司
Ningbo, PRC Economic and Technological Development District Tianhang
Material Co., Ltd
宁波
西安飞机工业装饰装修工程股份有限公司宁波分公司
Xi'an, PRC Decoration Engineering Co., Ltd. Ningbo, Branch
宁波
中航技尼日利亚公司
AVIC Nigeria
尼日利亚
Lagos, Nigeria
天虹商场布吉公司
Tianhong Dept. Store (Buji Branch) Co., Ltd
布吉
Phuket, Thailand
天虹商场民治公司
Tianhong Dept. Store (Minzhi Branch) Co., Ltd
民治
Minzhi, Guangdong Province, PRC
天虹商场永安公司
Tianhong Dept. Store (Yongan Branch) Co., Ltd
永安
Yongan, Guangdong Province, PRC
中航工业3201医院
汉中
Hanzhong, Shaanxi Province, PRC
中航飞机股份有限公司汉中飞机分公司
AVIC Aircraft Co., Ltd. Hanzhong, Plane Branch
汉中
中航电测仪器股份有限公司
AVIC Electronic Measuring Instruments Co.,Ltd
汉中
中航起落架有限责任公司燎原分公司
AVIC Gear Co., Ltd. (Liaoyuan Branch) Co., Ltd
汉中
六一二库
NO. 612 Library
汉中
东方仪器厂
Oriental Instrument Plant
汉中
汉中一零一航空电子设备有限公司
Hanzhong, PRC No.101 Aviation Electronic Equipment Co., Ltd
汉中
汉中兴航通信印务有限责任公司
Hanzhong, PRC Xinghang Communication Printing Co., Ltd
汉中
汉中陕飞建业科工贸有限公司
Hanzhong, PRC shanfei Aircraft Industry &Trade Co., Ltd
汉中
汉中陕飞商贸有限公司
Hanzhong, PRC shanfei Aircraft Commercial and Trade Co., Ltd
汉中
汉中陕飞联翔科技发展有限公司
Hanzhong, PRC shanfei Aircraft Lianxiang Technology Development Co., Ltd
汉中
汉中航空工业集团
Hanzhong, PRC Aviation Industry Group
汉中
汉中群峰机械制造有限公司
Hanzhong, PRC Qunfeng Machinery Manufacture Co., Ltd
汉中
长空精密机械制造公司
Changkong Precision Machinery Manufacturing Co., Ltd
汉中
陕飞建筑工程有限公司
shanfei Aircraft Construction Engineering Co., Ltd
汉中
陕西飞机工业集团公司
Shanxi, PRC Aircraft Industry Group Co., Ltd
汉中
陕西中航陕飞建筑安装工程有限公司
AVIC Shanxi, PRC Aviation Industry Administration Bureau of Aircraft
Installation Engineering Co., Ltd
汉中
陕西汉江汽车有限公司
Shanxi, PRC hanjiang Auto Co., Ltd
汉中
陕西华燕航空仪表有限公司
Shanxi, PRC Huayan Aviation Instrument Co., Ltd
汉中
名称
Company
地方
陕西陕飞维科航空装备有限公司
Shanxi, PRC Aircraft Aviation Equipment Co., Ltd
汉中
陕西陕飞锐方航空装饰有限公司
Shanxi, PRC Aircraf Ruifang Aciation Decoration Co., Ltd
汉中
陕西秦峰液压有限责任公司
Shanxi, PRC Qinfeng Hydraulic Co., Ltd
汉中
陕西航空宏峰精密机械工具公司
Shanxi, PRC Aviation Hongfeng Precision Machinery Tool Co., Ltd
汉中
陕西航空技术学院
Shanxi, PRC Vocational and Technical School of Aviation
汉中
陕西航空硬质合金工具公司
Shanxi, PRC Aeronautic carbide Tool Co., Ltd
汉中
陕西航空职业技术学院
Shanxi, PRC Vocational and Technical School of Aviation
汉中
陕西隆地实业有限公司
Shanxi, PRC Longdi Industrial Co., Ltd
汉中
陕西燎原航空机械制造公司
Shanxi, PRC Liaoyuan Aviation Machinery Manufacturing Co., Ltd
汉中
零一二基地技工学校
No.012 Base Industrial school
汉中
中国航空技术国际工程公司河北分公司
AVIC International Engineering Co., Ltd, Hebei Branch
石家庄
Shijiazhuan, Hebei Province, PRC
中航工业石家庄飞机工业有限责任公司
AVIC Shijiazhuang Aircraft Industry Co., Ltd
石家庄
石家庄5721工厂
Shijiazhuang NO. 5721 Manufacturing Co., Ltd
石家庄
石家庄飞机工业有限公司
Shijiazhuang Aircraft Industry Co., Ltd
石家庄
石家庄华燕交通科技有限公司
Shijiazhuang Huayan Traffic Technology Co., Ltd
石家庄
中国航空工业供销长沙有限公司
AVIC Supply and Marketing Co., Ltd. Changsha
长沙
Changsha, Hunan Province, PRC
中国航空工业第三设计研究院
AVIC 3rd Design and Research Institute
长沙
中航工业长飞公司技术中心
AVIC Changfei Co., Ltd ,Technology Center
长沙
中航工业长沙五七一二飞机工业有限责任公司
AVIC Changsha NO. 5712 Aircraft Industry Co., Ltd
长沙
中航工业长沙航空工业中南传动机械厂
AVIC Changsha Aviation Industry Zhongnan Transmission Machinery
长沙
中航工业长空精密机械制造公司
AVIC Changkong Precision Machinery Manufacturing Co., Ltd
长沙
中航工业国营长江动力机械厂
AVIC State-run Yangtze Power Machinery Manufacturing Co., Ltd
长沙
中航工业湖南资产经营管理有限公司
AVIC Hunan Asset Management Co., Ltd
长沙
中航国际供销长沙公司
AVIC International Supply and Marketing Co., Ltd , Changsha
长沙
中航起落架有限责任公司湘陵分公司
AVIC Gear (Xiang ling Branch) Co., Ltd
长沙
天虹商场长安公司
Tianhong Dept. Store (Chang'an Branch) Co., Ltd
长沙
天虹商场长沙公司
Tianhong Dept. Store (Changsha Branch) Co., Ltd
长沙
长沙5712工厂
Changsha No.5712 Manufacturing Co., Ltd
长沙
长沙5712飞机修理厂无线电分厂
Changsha No. 5712 Aircraft Repair Manufacturing Co., Ltd , Radio Branch
长沙
长沙5712飞机修理厂职工医院
Worker Hospital of Changsha NO. 5712 Aircraft Repair Manufacturing Co., Ltd
长沙
长沙中传机械有限公司
Changsha Zhongchuan Machinery Co., Ltd
长沙
长沙五七一二飞机工业有限责任公司
Changsha NO. 5712 Aircraft Industry Co., Ltd
长沙
湖南南方宇航工业有限公司
Hunan Southern Aerospace Industry Co., Ltd
长沙
湖南省航天航空学会
Hunan Institute of Aerospace
长沙
湖南航空工业局
Hunan Aerospace Industry
长沙
长治清华机械厂
Changzhi Qinghua Machinery Manufacturing Co., Ltd
长治
Changzhi, Shanxi Province, PRC
中国航空油料有限责任公司吉林分公司
AVIC OilCo., Ltd (Jilin Branch) Co., Ltd
长春
Changchun, Jilin Province, PRC
中国航空油料总公司吉林分公司长春航空加油
AVIC Oil Corporation in changchun, Jilin Branch of Aviation fuel Co., Ltd
长春
中航工业长春航空液压控制有限公司
AVIC Changchun Aviation Hydraulic Control Co., Ltd
长春
中航工业光电科技股份有限公司
China Aviation Optical-Electrical Technology Co.,Ltd
长春
长春万江汽车零部件有限公司
Changchun WanJiang Automotive Components Co., Ltd
长春
长春佳林航盛电子有限公司
Changchun Jialin Hangsheng Electronics Co., Ltd
长春
长春航空机载设备公司
Changchun Aviation Airborne Equipment Co., Ltd
长春
长春航空机载设备公司工量模具分厂
Changchun Aviation Airborne Equipment Co., Ltd, Volume Molding
Manufacturing Branch
长春
长春航空机载设备公司幼儿园
Changchun Airborne Equipment Co., Ltd Kindergarten
长春
长春航空机载设备公司技工学校
Changchun Aviation Airborne Equipment Co., Ltd , Technical School
长春
长春航空机载设备公司汽车零部件厂
Changchun Airborne Equipment Co., Ltd of Automotive Components
长春
长春航空机载设备公司建筑公司
Changchun Airborne Equipment Co., Ltd ,Construction Branch
长春
长春航空液压控制有限公司
Changchun Aviation Hydraulic Control Co., Ltd
长春
长春富瑞房地产开发有限公司
Changchun Furui Real Estate Development Co., Ltd
长春
龙门县伴山豪庭房地产开发有限公司
Longmen Banshan Villa Real Estate Development Co., Ltd
龙门县
Longmen, Henan Province, PRC
龙门县宝翠贸易有限公司
Longmen Baocui Trading Co., Ltd
龙门县
龙门县盛世旅游文化发展有限公司
Longmen Shengshi Tourism Culture Development Co., Ltd
龙门县
龙门县富廸房地产开发有限公司
Longmen Fudi Real Estate Development Co., Ltd
龙门县
天虹商场龙华公司
Tianhong Dept. Store (Longua Branch) Co., Ltd
龙华
Shanghai, PRC
天虹商场龙新公司
Tianhong Dept. Store (Longxin Branch) Co., Ltd
龙新
Longsin, Guangdong Province, PRC
华兴航空机轮公司
Huaxing Aviation Aircraft Wheel Co., Ltd
兴平
Xingping, Shaanxi Province, PRC
陕西航空电器有限责任公司
Shanxi, PRC Aviation Electric Appliance Co., Ltd
兴平
Xingping, Shaanxi Province, PRC
中国航空油料有限公司乌兰浩特供应站
AVIC Oil Co., Ltd, WuLanHaoTe Branch
兴安盟乌兰
Ulan Xinganmeng, PRC
中国一航合肥皖安航空装备有限责任公司
AVIC Hefei Wanan AVIC Equipments Co., Ltd
合肥
Hefei, Anhui Province, PRC
中国乐凯胶片集团公司
China Lekai Film Corporation
合肥
合肥江航飞机装备有限公司
Hefei Jianghang Aircraft Equipments Co., Ltd
合肥
合肥乐凯科技产业有限公司
Hefei Lekai Technology Industry Co., Ltd.
合肥
江淮航空仪表厂合肥
Hefei Jianghuai Aviation Instrument Manufacturing Co., Ltd
合肥
皖安机械厂
Wan'an Machinery Manufacturing Co., Ltd
合肥
Company
名称
地方
Ji'an, Jiangxi Province, PRC
中航证券吉安营业部
Ji'an Division of AVIC Securities
吉安市
吉安市天虹商场有限公司
Tianhong Dept. Store (Ji'an Branch) Co., Ltd
吉安市
吉安航盛电子有限公司 Ji'an Hangsheng Electronics Co., Ltd
吉安市
中航工业吉林飞机工业有限公司
AVIC Jilin Aircraft Industry Co., Ltd
吉林
Jilin, Jilin Province, PRC
吉林市航盛宏宇电子有限公司
Jilin Hangsheng Hongyu Electronics Co., Ltd
吉林
吉林航空维修有限责任公司
Jilin Aviation Maintenance Co., Ltd
吉林
天虹商场名汇公司
Tianhong Dept. Store (Minghui Branch) Co., Ltd
名汇
Pinyin, Beijing, PRC
天虹商场后海公司
Tianhong Dept. Store (Houhai Branch) Co., Ltd
后海
Houhai, Beijing, PRC
中航工业安吉有色铸造有限责任公司
AVIC Anji Nonferrous Casting Co., Ltd
安吉
Anji, Zhejiang Province, PRC
中航技安哥拉公司
AVIC Angola's Co., Ltd
安哥拉
Lagos, Angola
龙岩飞机制造厂
Longyan Aircraft Manufacturing Manufacturing Co., Ltd
安顺
Anshun, Guizhou Province, PRC
西秀工程监理公司
Xixiu Project Supervision Co., Ltd
安顺
贵州云马飞机制造厂
Guizhou Yunma Airplane Manufacturing Manufacturing Co., Ltd
安顺
贵州云雀汽车车身零部件有限公司
Guizhou Yunque Automobile Parts Co., Ltd
安顺
贵州双阳飞机制造厂
Guizhou shuangyang Aircraft Manufacturing Co., Ltd
安顺
贵州风雷航空军械有限责任公司
Guizhou Fenglei Aviation Ordnance Co., Ltd
安顺
贵州华夏工程承包公司
Guizhou Huaxia Engineering Contracting Co., Ltd
安顺
贵州安大航空锻造有限责任公司
AVIC Guizhou Anda Aviation Forging Co., Ltd
安顺
贵州安吉有色铸造有限责任公司
Guizhou Anji Nonferrous Casting Co., Ltd
安顺
贵州安吉航空精密铸造有限责任公司
Guizhou Anji Aviation Precision Casting Co., Ltd
安顺
贵州青年莲花汽车有限公司
Guizhou Youngman Lotus Co., Ltd
安顺
贵州凌云航空物资供销公司
Guizhou Lingyun Aviation Material Supply and Marketing Co., Ltd
安顺
贵州航空工业职工大学
Guizhou Aviation Workers' University
安顺
贵州新安航空机械有限责任公司
Guizhou Xin'an Aviation Machinery Co., Ltd
安顺
贵州黎阳航空发动机公司
AVIC Guizhou Liyang Aero- Engine Co., Ltd
安顺
贵州贵航飞机设计研究所
Guizhou Guihang Aircraft Design Institute
安顺
贵航302 医院
Guihang NO. 302 Hospital
安顺
贵航303 医院
Guihang NO. 303 Hospital
安顺
中航工业庆安集团有限公司
AVIC Qing'An Group Co., Ltd
庆安
Qingan, Heilong Province, PRC
中国航天工业供销西南公司
AVIC Supply and Marketing Co., Ltd Southwest Department
成都
中国航天工业供销西南公司本部
AVIC Supply and Marketing Co., Ltd Southwest Department(headquarter)
成都
中国航空工业第十区域成都计量站
AVIC No.10 Regional Chengdu Metering Station
成都
中国航空港建设第九工程总队
The NO.9 Construction Project Team of China Aviation Airport
成都
中国航空集团建设开发有限公司西南分公司
AVIC Group Construction and Development Co., Ltd. ,Southwest Branch
成都
中航工业363医院
AVIC NO.363 Hospital
成都
中航工业四川资产经营管理有限公司
AVIC Sichuan, PRC Asset Management Co., Ltd
成都
中航工业成都飞机工业(集团)有限责任公司
AVIC ChengduAircraft Industrial (Group) Co., Ltd
成都
中航工业成都飞机设计研究所
AVIC ChengduAircraft Design Institute
成都
中航工业成都发动机（集团）有限公司
AVIC Chengdu Engine (Group) Co., Ltd
成都
中航工业集团公司成都飞机设计研究所
AVIC ChengduAircraft Design Institute
成都
中航工业集团公司成都飞机设计研究所幼儿园
AVIC ChengduAircraft Design Institute Kindergarten
成都
中航安盟财产保险有限公司
AVIC Property Insurance Co., Ltd
成都
中航成飞民用飞机有限责任公司
AVIC Chengdu Civil Aircraft Co., Ltd
成都
中航技国际经贸发展成都公司
AVIC International Trade and Economic Co., Ltd, Chengdu
成都
四川成飞集成科技股份有限公司
Sichuan, PRC Chengfei Integration Technology Corp., Ltd
成都
四川成发航空科技股份有限公司
Sichuan, PRC Chengfa Aero-Science & Technology Co., Ltd
成都
四川欣华欣石化有限责任公司
Sichuan, PRC XinHuaxin Petrochemical Co., Ltd
成都
四川信虹移动通讯设备有限公司
Sichuan, PRC Xinhong Mobile Communications Equipment Co., Ltd
成都
四川省航天航空学会
Sichuan, PRC Aerospace Institute
成都
四川神坤装备股份有限公司
Sichuan, PRC Shenkun Equipment Co., Ltd
成都
四川航天世都科技有限公司
Sichuan, PRC Aerospace Shidu Technology Co., Ltd
成都
四川航天技术研究院
Sichuan, PRC Academy of Space Technology
成都
四川航天物业服务有限责任公司北京分公司
Sichuan, PRC Aerospace Realty Service Co., Ltd., Beijing Branch
成都
四川航天建筑工程集团
Sichuan, PRC Aerospace Construction Engineering Group
成都
四川航天职业技术学院
Sichuan, PRC Aerospace Vocational and Technical College
成都
四川航空工业局
Sichuan, PRC Aerospace Industry
成都
四川航空工业局机关行政后勤服务中心
Sichuan, PRC Aerospace Industry Bureau Administrative Service Center
成都
四川航空工业局招待所
Sichuan, PRC Aerospace Industry hostel
成都
四川航空工业局资讯工程中心
Sichuan, PRC Aerospace Industry Information Engineering Center
成都
四川厦飞装饰工程有限公司
Sichuan, PRC Xiafei Decoration Engineering Co., Ltd
成都
四川集成天元模具制造有限公司
Sichuan, PRC Tianyuan Integrated Mold Manufacturing Co. Ltd
成都
长征机械厂
Changzheng Machinery Manufacturing Co., Ltd
成都
成飞民用飞机有限责任公司
Chengdu Civil Aircraft Co., Ltd
成都
成飞技术中心
Chengdu Technology Center
成都
成飞青城山庄
Qingcheng Country Villa
成都
Company
名称
地方
成飞宾馆
Chengfei Hotel
成都
成都九鼎科技（集团）有限公司
Chengdu Jiuding Technology (Group) Co., Ltd
成都
成都飞机工业(集团)有限责任公司
Chengdu Aircraft Industrial (Group) Co., Ltd
成都
成都飞机工业(集团)有限责任公司医院
Hospital of Chengdu Aircraft Industrial (Group) Co., Ltd
成都
成都飞机工业公司
Chengdu Aircraft Industry Corp
成都
成都飞机工业公司机电产品总公司
Chengdu Aircraft Industry Co., Ltd Mechanical and Electronic Products Corp
成都
成都飞机工业公司进出口公司
Chengdu Aircraft Industry Co., Ltd, Import and Export Branch
成都
成都飞机工业集团三航有限责任公司
Chengdu Aircraft Sanhang Co., Ltd
成都
成都飞机工业集团公司
Chengdu Aircraft Industrial Group Co., Ltd
成都
成都飞机工业集团包装机械有限公司
Chengdu Aircraft Industrial Group Packing Machinery Co., Ltd
成都
成都飞机工业集团电子科技有限公司
Chengdu Aircraft Industrial (Group) Electronic Technology Co., Ltd
成都
成都飞机工业集团劳动服务公司
Chengdu Aircraft Industrial Group Labor Service Co., Ltd
成都
成都飞机设计研究所制造中心
Chengdu Aircraft Design Institute Manufacturing Center
成都
成都飞机设计研究所科技实业总公司
Chengdu Aircraft Design & Research Institute Industrial Co., Ltd
成都
成都飞机国际航空制造股份有限公司
Chengdu Aircraft International Aviation Co., Ltd
成都
成都中航云岭(一期)公司
Chengdu AVIC ChinaYunling (phase I)
成都
成都中航云岭(二期)公司
Chengdu AVIC ChinaYunling (phase Ⅱ)
成都
成都中航阳光地产公司
Chengdu AVIC Sunshine Real Estate Co., Ltd
成都
成都中航国际贸易有限公司
Chengdu AVIC International Trade Co., Ltd
成都
成都中航物资有限公司
Chengdu AVIC Material Co., Ltd
成都
成都中航瑞赛置业有限公司
Chengdu AVIC Reisai Real Estate Co., Ltd
成都
成都中航幕墙工程有限公司
Chengdu AVIC Wall Engineering Co., Ltd
成都
成都天马微电子股份有限公司
Chengdu Tianma Microelectronics Co., Ltd
成都
成都太平寺机场
Chengdu Taipingsi Airport
成都
成都发动机(集团)有限公司航空发动机分公司
AVIC Chengdu Engine (Group) Co., Ltd. Aircraft Engine Branch
成都
成都发动机(集团)有限公司通用机械制造分公司
AVIC Chengdu Engine (Group) Co., Ltd. General Machinery Manufacturing
Branch
成都
成都发动机（集团）汽车发动机有限公司
AVIC Chengdu Engine (Group) Auto Engine Co., Ltd
成都
成都发动机集团有限公司炬宝分公司
AVIC Chengdu Engine (Group) Co., Ltd., Jubao Branch
成都
成都市中航地产发展有限公司
AVIC ChengduReal Estate Development Co., Ltd
成都
成都市中航刧城市广场公司
Chengdu AVIC Plaza Ltd.
成都
成都市中航国际广场公司
AVIC International Financial Center
成都
成都市中航房地产发展有限公司
Chengdu AVIC Real Estate Development Co., Ltd
成都
成都市中航物资有限公司
Chengdu AVIC Materials Co., Ltd
成都
成都亚光电子股份有限公司
Chengdu Yaguang Electronics Co., Ltd
成都
成都亚光机电设备制造有限公司
Chengdu Yaguang Mechanical and Electrical Equipment Manufacturing Co., Ltd
成都
成都亚光投资管理有限公司
Chengdu Yaguang Investment Management Co., Ltd
成都
成都亚瑞电子有限公司
Chengdu Yarui Electronics Co., Ltd
成都
成都华光瑞芯微电子股份有限公司
Chengdu MicroArray Technologies Co., Ltd
成都
成都合力汇家居用品有限公司
Chengdu Heli HouseHolding Products Co., Ltd
成都
成都成飞光缆有限公司
Chengdu Chengfei Cable Co., Ltd
成都
成都成飞华驰国际货运代理有限公司
Chengdu Chengfei Huachi International Freight Agency Co., Ltd
成都
成都成航车辆仪表有限责任公司
Chengdu Aerospace Vehicle Instrument Co., Ltd.
成都
成都达威新通讯设备有限公司
Chengdu Dawei Communications Equipment Co., Ltd
成都
成都欣华欣化工材枓有限公司
Chengdu XinHuaxin Chemical Material Co., Ltd
成都
成都欣华欣石化股份有限公司
Chengdu XinHuaxin Petrochemical Co., Ltd
成都
成都欣华欣物流有限公司
Chengdu XinHua xin Logistics Co., Ltd
成都
成都空天高技术产业基地股份公司
Chengdu Aerospace High Technology Industry Base Co Ltd
成都
成都信虹通讯有限责任公司
Chengdu Xinhong Communication Co., Ltd
成都
成都城市广场项目九方商场公司
Chengdu City Plaza Project Jiufang Mall Co., Ltd
成都
成都城市广场项目写字楼公司
Chengdu City Plaza Project Office Co., Ltd
成都
成都城市公司
Chengdu City Co., Ltd
成都
成都威特电喷有限责任公司
Chengdu Victor Electrojet Co., Ltd
成都
成都倍特投资有限责任公司
Chengdu Beite Investment Co., Ltd
成都
成都倍特建设开发有限公司
Chengdu Beite Construction Development Co., Ltd
成都
成都倍特建筑安装工程有限公司
Chengdu Beite Construction and Installation Engineering Co., Ltd
成都
成都倍特厨柜制造有限公司
Chengdu Beite Kitchen Manufacturing Co., Ltd
成都
成都倍特期货经纪有限公司
Chengdu Beite Futures Brokerage Co., Ltd
成都
成都倍特药业有限公司
Chengdu Beite Pharmaceutical Co., Ltd
成都
成都海蓉特种纺织品有限公司
Chengdu Hairong Technical Textiles Co.Ltd
成都
成都航天万欣科技有限公司
Aerospace Wan Xin Science&Technology Ltd, Chengdu
成都
成都航天医院
Chengdu Aerospace Hospital
成都
成都航天通信设备有限责任公司
Chengdu Aerospace Communication Equipment Co., Ltd
成都
成都航天模塑股份有限公司
Chengdu Aerospace mould Co., Ltd
成都
成都航空仪表公司
Chengdu Aviation Instrument Co., Ltd
成都
成都航空建筑安装工程公司
Chengdu Aviation Construction Installation Engineering Co., Ltd
成都
Company
名称
地方
成都高新发展股份有限公司
Chengdu Hi-tech Development Co., Ltd
成都
成都新建业倍特置业有限公司
Chengdu XinJianYe Brilliant Real Estate Co., Ltd
成都
成都瑞赛
Chengdu Reisai
成都
成都激进物流有限公司
Chengdu Radical Logistics Co., Ltd
成都
成都凯天电子股份有限公司
Chengdu Kaitian Electronics Co., Ltd
成都
成都蓝天实业总公司
Chengdu Blue sky Industrial Co., Ltd
成都
西安飞机工业装饰装修工程股份有限公司成都分公司
Xi'an, PRC Aircraft Industry Decoration Engineering Co., Ltd. Chengdu Branch
成都
西南电磁相容监督检测中心
Supervision and inspection Center of Southwest
成都
沈阳沈飞集团铝业幕墙工程有限公司成都分公司
Shenyang Shenfei Aluminum Curtain Wall Engineering Co., Ltd. Chengdu
Branch
成都
达宇特种车辆制造厂
D yu Special Vehicle Manufacturers
成都
深圳市成飞实业有限公司成都分公司
Shenzhen CAC Co., Ltd. Chengdu Branch
成都
烽火机械厂
Fenghuo Machinery Manufacturing Co., Ltd
成都
递辉有限公司
Dihui Co., Ltd
成都
瑞特克斯(成都)电子有限司
Rui Te Ke Si (Chengdu) Electronic Limited Co., Ltd
成都
燎原无线电厂
Liaoyuan Wireless Power Plant
成都
天虹商场江大公司
Tianhong Dept. Store (Jiangda Branch) Co., Ltd
江大
Jiangda, Jiangxi Province, PRC
上饶中航城一期公司
Shangrao AVIC City Phase I
江西
Shangrao, Jiangxi Province, PRC
上饶中航城二期公司
Shangrao AVIC City Phase Ⅱ
江西
上饶中航城三期公司
Shangrao AVIC City Phase Ⅲ
江西
上饶格兰云天酒店
Ge Lan Yun Tian Hotel Shangrao
江西
中国航空工业供销江西有限公司
AVIC Supply and Marketing Co., Ltd., Jiangxi Province
江西
中国航空技术江西有限公司
AVIC Jiangxi Co., Ltd
江西
中航工业江西江南信托投资股份有限公司
AVIC Jiangxi Jiangnan trust Investment Co., Ltd
江西
Jiangnan, Jiangxi Province, PRC
中航工业江西洪都航空工业(集团)有限责任公司
AVIC Jiangxi hongdu Aviation Industry (Group) Co., Ltd
江西
中航工业江南期货经纪有限公司
AVIC Jiangnan Stock brokerage Co., Ltd
江西
中航工业江南证券有限公司
AVIC Jiangnan Securities Co., Ltd
江西
中航工业西安飞机工业（集团）有限责任公司
AVIC ChinaXi'an, PRC Aircraft Industry (Group) Co., Ltd
江西
Xi'an, Jiangxi Province, PRC
中航国际供销江西公司
AVIC International Supply and Marketing Co., Ltd Jiangxi Branch
江西
Xi'an, Jiangxi Province, PRC
共青城中航文化产业园有限责任公司
GongQing City AVIC Cultural Industrial park Co., Ltd
江西
GongQing, Jiangxi Province, PRC
共青城格兰云天酒店项目公司
GongQing City Ge Lan Yun Tian Hotel Project Co., Ltd
江西
共青城高尔夫别墅项目一期一标段公司
GongQing City Golf villa Project's phase I
江西
共青城富铭文化产业园有限公司
GongQing City FuMing Cultural Industrial park Co., Ltd
江西
共青城德康文化有限公司
GongQing City Dekang Culture Co., Ltd
江西
共青格兰云天酒店
GongQing Ge Lan Yun Tian Hotel
江西
共青茶山宾馆
GongQing Cha Shan Hotel
江西
赣州格兰云天国际酒店
Ganzhou Ge Lan Yun TianInternational Hotel
江西
Ganzhou, Jiangxi Province, PRC
江苏航天星源电子新材料有限公司
Jiangsu Xing Yuan Aerospace Material Co., Ltd
江阴
Jiangyin, Jiangsu Province, PRC
中国燃气涡轮研究院
China Gas Turbine Establishment
江油
Jiangyou, Sichuan Province, PRC
中航技国际经贸发展江苏公司
AVIC International Trade and Economic Development Co., Ltd(Jiangsu)
江苏
Jiangdu, Jiangsu Province, PRC
江苏中航地产有限公司
Jiangsu AVIC Real Estate Co., Ltd
江苏
鼎衡(江苏)造船有限公司
AVIC Dingheng Shipbuilding(Jiangsu) Co., Ltd
江都
中航技国际经贸发展西北公司
AVIC International Trade and Economic Development Co., Ltd(Northwest)
宁夏银川市
Yinchuan,
Autonomous Region Ningxia, PRC
千山电子
Qianshan Electronics
西安
Xi'an, Shaanxi Province, PRC
千山航空电子有限责任公司
AVIC Shanxi, PRC Qianshan Aviation Industry Administration Co., Ltd
西安
中国飞机强度研究所
China Aircraft Strength Research Institute
西安
中国飞行试验研究院
China Flight Test Research Institute
西安
中国飞行试验研究院汽车大修厂
China Flight Test Establishment Car Repair Manufacturing Co., Ltd
西安
中国飞行试验研究院远方异型材厂
China Flight Test Establishment Yuanfang Mechanical Manufacturing Co., Ltd
西安
中国飞行试验研究院航程综合信息开发部
China Flight Test Establishment Flight Information Development Co., Ltd
西安
中国飞行试验研究院测控设备研究所
China Academy of flight Test Institute of Measurement and Control Equipment
西安
中国飞行试验研究院进出口贸易部
China Flight Test Establishment Import and Export Trade Department Co., Ltd
西安
中国空间技术研究院西安分院
China Academy of Space Information System, Xi'an, PRC Branch
西安
中国航天工业供销西北公司
AVIC Supply and Marketing Co., Ltd Northwest Branch
西安
中国航空工业供销西北公司
AVIC Supply and Marketing Co., Ltd Northwest Branch
西安
中国航空器材集团西北有限责任公司
AVIC SuppliesCo., Ltd Northwest Branch
西安
中国航空计算机技术研究所
AVIC Institute of Computer Technology
西安
中航工业西安飞行自动控制研究所
AVIC ChinaXi'an, PRC Flight Automatic Control Research Institute
西安
中航工业西安航空发动机（集团）有限公司
AVIC ChinaXi'an, PRC Aero-Engine (Group) Co., Ltd
西安
中航工业西安航空动力控制有限责任公司
AVIC ChinaXi'an, PRC Aero-Engine Control Co., Ltd
西安
中航工业西安航空制动科技有限公司
AVIC ChinaXi'an, PRC Aviation Brake Technology Co., Ltd
西安
中航工业西安航空计算技术研究所
AVIC ChinaXi'an, PRC Aviation Institute of computing Technology
西安
中航工业技术经济研究院
AVIC Economic&Technology Research Institute
西安
中航工业技术基础研究院
AVIC Industrial Technology Research Institute
西安
中航工业第一飞机设计研究院
AVIC China NO.1 Aircraft Institute
西安
中航飞机有限责任公司
China Aviation Industry Aircraft Co.,Ltd
西安
Company
名称
地方
中航飞机起落架有限责任公司
AVIC Aircraft landing Gear Limited Liability Co., Ltd
西安
中航技国际经贸发展西安公司
AVIC International Trade and Economic Development Co., Ltd(Xi'an, PRC)
西安
中航金属材料理化检测科技有限公司
AVIC Matel Test Technology Co., Ltd Limited
西安
中航特材工业（西安）有限公司
AVIC Special Matel (Xi'an, PRC) Corporation
西安
中航证券西安营业部
Xi'an, PRC Division of AVIC Securities
西安
庆安集团
有限公司
QingAn GroupCo., Ltd.
西安
成都飞机工业公司机电产品公司西安销售公司
CAC Mechanical and Electrical Products Co., Ltd
西安
西飞国际科技发展（西安）有限公司
XAC International Technology Development (Xi'an, PRC) Co., Ltd
西安
西飞国际航空制造（西安）有限公司
XAC International Aviation Manufacturing (Xi'an, PRC) Co., Ltd
西安
西安飞机工业(集团)飞机制造有限公司
Xi'an, PRC Aircraft Industry (Group) Aircraft Manufacturing Co., Ltd
西安
西安飞机工业（集团）五龙有限责任公司
Xi'an, PRC Aircraft Industry (Group) Wulong Co., Ltd
西安
西安飞机工业（集团）动力工程分公司
Xi'an, PRC Aircraft Industry (Group) ,Power Engineering Branch
西安
西安飞机工业（集团）华泰物业有限公司
Xi'an, PRC Aircraft Industry (Group) Huatai Property Co., Ltd
西安
西安飞机工业(集团)有限责任公司
Xi'an, PRC Aircraft Industry (Group) Co., Ltd
西安
西安飞机工业(集团)亨通航空电子有限公司
Xi'an, PRC Aircraft Industry (Group) in Aviation Electronics Co., Ltd
西安
西安飞机工业(集团)技术装备有限公司
Xi'an, PRC Aircraft Industry (Group) Technology Equipment Co., Ltd
西安
西安飞机工业(集团)实业总公司水电制造安装公司
西安飞机工业(集团)实业总公司建筑安装工程公司
西安飞机工业(集团)实业总公司铝门窗厂
西安飞机工业(集团)运输有限公司
Xi'an, PRC Aircraft Industry (Group) Industrial Co., Ltd HydroPower Installation
西安
Branch
Xi'an, PRC Aircraft Industry (Group) Industrial Co., Ltd Construction Installation
西安
Engineering Branch
Xi'an, PRC Aircraft Industry (Group) Industrial Co., Ltd Aluminium Windows
西安
and Doors Manufacturing Branch
Xi'an, PRC Aircraft Industry (Group) Transport Co., Ltd
西安
西安飞机工业（集团）金属幕墙挂板有限公司
Xi'an, PRC Aircraft Industry (Group) Metal Curtain Wall Co., Ltd
西安
西安飞机工业(集团)航电科技工程有限公司
Xi'an, PRC Aircraft Industry (Group) Technology Engineering Co., Ltd
西安
西安飞机工业(集团)煤气安装工程有限公司
Xi'an, PRC Aircraft Industry (Group) Gas Installation Engineering Co., Ltd
西安
西安飞机工业（集团）鑫宇复材有限责任公司
Xi'an, PRC Aircraft Industry (Group) Xinyu Composites Co., Ltd.
西安
西安飞机工业（集团）进出口有限公司
Xi'an, PRC Aircraft Industry (Group) Import and Export Co., Ltd
西安
西安飞机工业（集团）顺达座椅有限公司
Xi'an, PRC Aircraft Industry (Group) Shunda Seat Co., Ltd
西安
西安飞机工业公司职工工学院
Xi'an, PRC Aviation Vocational School
西安
西安飞机工业装饰装修工程股份有限公司
Xi'an, PRC Aircraft Industry Decoration Engineering Co., Ltd
西安
西安飞机工业集团)计算机服务有限公司
Xi'an, PRC Aircraft Industry (Group)Computer Services Co., Ltd
西安
西安飞机工业集团华隆物业管理有限责任公司
Xi'an, PRC Aircraft Industry (Group) Hualong Property Management Co., Ltd
西安
西安飞机工业集团有限公司西飞医院
Xi'an, PRC Aircraft Industry (Group) Hospital
西安
西安飞机工业集团有限责任公司
Xi'an, PRC Aircraft Industry (Group) Co., Ltd
西安
西安飞机工业集团西飞集团报社
Xi'an, PRC Aircraft Industry (Group), Publication branch
西安
西安飞机工业集团设备工程分公司
Xi'an, PRC Aircraft Industry (Group) Equipment Engineering Co., Ltd
西安
西安飞机工业集团技术装备分公司
Xi'an, PRC Aircraft Industry (Group) Technical Equipment Branch
西安
西安飞机工业集团实业总公司
Xi'an, PRC Aircraft Industry (Group) Industrial Corp
西安
西安飞机工业集团实业总公司钣金厂
Xi'an, PRC Aircraft Industry (Group) Industrial Co., Ltd, Sheet Metal
Manufacturing Factory
西安
西安飞机工业集团建设工程公司
Xi'an, PRC Aircraft Industry (Group) Construction Engineering Co., Ltd
西安
西安飞机工业铝业股份有限公司
Xi'an, PRC Aircraft Industry Aluminum Industry Co., Ltd
西安
西安飞机分公司
Xi'an, PRC Aircraft Co., Ltd
西安
西安飞机设计研究所
Xi'an, PRC Aircraft Design Institute
西安
西安飞机国际航空制造股份有限公司
Xi'an, PRC Aircraft International Corporation
西安
西安飞机国际航空制造股份有限公司热力分公司
Xi'an, PRC Aircraft International Corporation Heat Branch
西安
西安飞行自动控制研究所
Flight Automatic Control Research Institute(Xi'an, PRC)
西安
西安飞豹空港设备有限公司
Xi'an, PRC Feibao Airport Equipment Co., Ltd
西安
西安飞豹科技发展公司
Xi'an, PRC Feibao Technology Development Co., Ltd
西安
西安中航文化旅游产有限公司
Xi'an, PRC AVIC Cultural Tourism Co., Ltd
西安
西安中航电测科技有限公司
Zhonghang Electronic Measuring Instruments Co.,Ltd
西安
西安中航瑞赛西控置业有限公司
Xi'an, PRC AVIC Raise Xikong Real Estate Co., Ltd
西安
西安天元航空科技有限公司
Xi'an, PRC Tianyuan Aviation Technology Co., Ltd
西安
西安天阅酒店
Xi'an, PRC Tian Yue Hotel
西安
西安市天阅酒店有限公司
Xi'an, PRC Skytel Hotel Co., Ltd
西安
西安正章干洗有限公司
Xi'an, PRC Zhangzheng Dry Cleaning Co., Ltd
西安
西安交大航空航天学院
Xi'an, PRC Jiaotong University Aeronautics and Astronautics School
西安
西安华翰化工科技有限公司
Xi'an, PRC HuaHan Chemical Technology Co., Ltd
西安
西安向阳航天材料有限公司
Xi'an, PRC Xiangyang Aerospace Material Co., Ltd
西安
西安安泰叶片技术有限公司
Xi'an, PRC Airfoil Technology Co., Ltd
西安
西安西飞天澳金属建材有限公司
Xi'an, PRC XAC Tian'ao Metal Building Materials Co., Ltd
西安
西安西飞国际天澳航空建材有限公司
Xi'an, PRC XAC InternationalTian'ao Aviation Building Materials Co., Ltd
西安
西安西沃客车有限公司
Xi'an, PRC Xi Wo Bus Co., Ltd
西安
西安西罗航空部件有限公司
Xi'an, PRC Xiluo Aero Components Co., Ltd
西安
西安西罗涡轮制造有限公司
Xi'an, PRC Xiluo Turbine Manufacturing Co., Ltd
西安
西安西航铝业公司
Xi'an, PRC XAC Aviation aluminium Co., Ltd
西安
西安西普机械制造有限责任公司
Xi'an, PRC Xipu Machinery Manufacturing Co., Ltd
西安
西安沈飞机房设施有限公司
Xi'an, PRC Sac Room Facilities Co., Ltd
西安
Company
名称
地方
西安达威通信设备有限公司
Xi'an, PRC Dawei Communications Equipment Co., Ltd
西安
西安陕飞锐方航空技术有限公司
Xi'an, PRC SAC Ruifang Aviation Technology Co., Ltd
西安
西安航天化学动力厂
Xi'an, PRC Aerospace Chemical Plant
西安
西安航天发动机厂
Xi'an, PRC Aerospace Engine Manufacturing Co., Ltd
西安
西安航天动力机械厂
Xi'an, PRC Aerospace Power Machinery Manufacturing Co., Ltd
西安
西安航天动力研究所
Xi'an, PRC Aerospace Power Research Institute
西安
西安航天动力测控技术研究院
Xi'an, PRC Aerospace Power Measurement and Control Technology Research
Institute
西安
西安航天动力试验技术研究所
Xi'an, PRC Aerospace Power Test Technology Research Institute
西安
西安航天华阳印刷包装设备有限公司
Xi'an, PRC Aerospace Huayang Printing and Packaging Equipment Co., Ltd
西安
西安航天复合材料研究院
Xi'an, PRC Aerospace Composite Material Research Institute
西安
西安航空工业储运公司
Xi'an, PRC Aviation Industrial Storage and Transportation Co., Ltd
西安
西安航空发动机公司
AVIC ChinaXi'an, PRC Aero-Engine Co., Ltd
西安
西安航空发动机集团二机厂
AVIC ChinaXi'an, PRC Aero-Engine (Group) Ltd. ,2nd Manufacturing factory
西安
西安航空发动机集团工具厂
AVIC ChinaXi'an, PRC Aero-Engine (Group)Tool Manufacturing Co., Ltd
西安
西安航空发动机集团中小型钢件厂
AVIC ChinaXi'an, PRC Aero-Engine (Group) Small&Medium-sized Steel Plant
西安
西安航空发动机集团天鼎公司
Xi'an, PRC Aircraft Engine Group Tianding Co., Ltd
西安
西安航空发动机集团动力厂
AVIC ChinaXi'an, PRC Aero-Engine (Group) Power Plant
西安
西安航空发动机集团有限公司
AVIC ChinaXi'an, PRC Aero-Engine (Group) Co., Ltd
西安
西安
西安
西安航空发动机集团机电石化设备有限公司
西安航空发动机集团机机械厂
AVIC ChinaXi'an, PRC Aero-Engine (Group) ElectroMechanical Petrochemical
Equipment Co., Ltd
AVIC ChinaXi'an, PRC Aero-Engine (Group) machine Machinery Manufacturing
Co., Ltd
西安航空发动机集团西新有限公司
Xi'an, PRC Aviation Engine Group Xixin Co., Ltd
西安
西安航空发动机集团纺织机械厂
AVIC ChinaXi'an, PRC Aero-Engine (Group) Textile Machinery Manufacturing
Co., Ltd
西安
西安航空发动机集团物业管理分公司
AVIC ChinaXi'an, PRC Aero-Engine (Group) Property Management Co., Ltd
西安
西安航空发动机集团盘环加工厂
AVIC ChinaXi'an, PRC Aero-Engine (Group) Plate Ring Manufacturing Co., Ltd
西安
西安航空发动机集团第二装饰厂
AVIC ChinaXi'an, PRC Aero-Engine (Group) Ltd., 2nd Decoration
西安
西安航空发动机集团铸造厂
AVIC China Xi'an, PRC Aero-Engine (Group)Foundry Manufacturing Co., Ltd
西安
西安航空发动机集团锻造厂
AVIC China Xi'an, PRC Aero-Engine (Group) Forging Manufacturing Co., Ltd
西安
西安航空动力股份有限公司
AVIC China Xi'an, PRC Aero-Engine PLC
西安
西安航空动力控制工程有限公司
AVIC China Xi'an, PRC Aero-Engine PLC Engineering Co., Ltd
西安
西安航空动力控制有限责任公司
AVIC China Xi'an, PRC Aero-Engine PLC Co., Ltd
西安
西安航空动力控制科技有限公司
AVIC China Xi'an, PRC Aero-Engine PLClTechnology Co., Ltd
西安
西安航空制动科技有限公司
AVIC China Xi'an, PRC Aero-Engine PLC Technology Co., Ltd
西安
西安康木材料有限公司
Xi'an, PRC Kangmu Materials Co., Ltd
西安
西安微电子技术研究所
Xi'an, PRC Microelectronics Technology Institute
西安
西安豪门美食误乐城有限公司
Xi'an, PRC Haomeng Delicious Entertainment City Co., Ltd
西安
西安凯迪航空精密制造有限责任公司
Xi'an, PRC Kaitie Aero Precision Manufacturing Co., Ltd
西安
西安维德风电设备有限公司
Xi'an, PRC Weide Wind Power Equipment Co., Ltd
西安
幸福航空有限责任公司
Xingfu Airlines Co., Ltd
西安
陕西电器研究所
Shanxi, PRC Electrical Apparatus Research Institute
西安
陕西宇航科技工业公司
Shanxi, PRC Aerospace Science and Technology Industrial Co., Ltd
西安
陕西西清电子股份有限公司
Shanxi, PRC Xiqing Electronics Co., Ltd
西安
陕西宏远航空锻造公司
Shanxi, PRC Hongyuan Aviation Forging Co., Ltd
西安
陕西宏远航空锻造有限责任公司
Shanxi, PRC Hongyuan Aviation Forging Co., Ltd
西安
陕西省航天航空学会
Aerospace Institute of Shanxi, PRC Province
西安
陕西凌云电器总公司
Shanxi, PRC Lingyun Electrical Appliances Corp
西安
陕西航天龙腾汽车服务有限公司
Shanxi, PRC Aerospace longteng Automobile Service Co., Ltd
西安
陕西航天动力高科技股份有限公司
Shanxi, PRC Aerospace Power High-Tech Co., Ltd
西安
陕西航空工业设备制造有限公司西安办事处
陕西航空工业设备制造有限公司乌鲁木齐办事处
陕西航空工业设备制造有限公司兰州办事处
Shanxi, PRC Aviation Industrial Equipment Manufacturing Co., Ltd. ,Xi'an, PRC
西安
office
Shanxi, PRC Aviation Industrial Equipment Manufacturing Co., Ltd. , Wulu Muqi
西安
Office
Shanxi, PRC Aviation Industrial Equipment Manufacturing Co., Ltd., Lanzhou
西安
office
陕西苍松机械厂
Shaxi Cangsong Machinery Manufacturing Co., Ltd
西安
航天动力技术研究院
Aerospace Power Technology Research Institute
西安
航天推进技术研究院
China Academy of Aerospace Liquid Propulsion Technology
西安
天虹商场西丽公司
Tianhong Dept. Store (Xili Branch) Co., Ltd
西丽
Xili-Shenzhen, PRC, PRC
中国航空油料西藏责任有限责任公司
AVIC Oil Tibet Co., Ltd
西藏山南地区
Shannan, Autonomous Region Tibet, PRC
Brodoplan d.o.o. Croatia
BrodoPlan D.O.O. Croatia
克罗地亚共和国
Zagreb, Croatia
中联(庐山)国际商务会议中心有限公司
Zhonglian (Lushan) International Business Conference Center Co., Ltd
庐山
Lushan, Jiangxi Province, PRC
天虹商场君尚公司
Tianhong Dept. Store (Junshang Branch) Co., Ltd
庐山
嘉浩(庐山)房地产开发有限公司
Jiahao (Lushan) Real Estate Development Co., Ltd
庐山
中航证券抚州营业部
Fuzhou Division of AVIC Securities
抚州
Fuzhou, Fuijan Province, PRC
上海航空股份有限公司沈阳营业部
Shanghai, PRC Airlines Co., Ltd., Shengyang Office
沈阳
Shenyang, Laoining Province, PRC
中国航天工业供销东北公司
AVIC Supply and Marketing Co., Ltd, Northeast Branch
沈阳
中国航空工业供销东北公司五金交电商场
AVIC Supply and Marketing Co., Ltd Northeast Branch Hardware and Electrical
Equipment Department
沈阳
中国航空工业空气动力研究院沈阳分院
AVIC Aerodynamics Research Institute Shengyang Co., Ltd
沈阳
中国航空港建设总公司沈阳分公司
China Aviation Airport Construction Corporation, Shengyang Branch
沈阳
Company
名称
地方
中国航空港建设第八工程总队
China Aviation Airport Construction Corporation, 8th Engineering Team
沈阳
中航(沈阳)投资管理有限公司
AVIC China(Shengyang) Investment Management Co., Ltd.
沈阳
中航（沈阳）高新科技有限公司
AVIC China(Shengyang) High-Tech Co., Ltd.
沈阳
中航工业气动院沈阳院区
AVIC Shengyang Pneumatic Academy
沈阳
中航工业沈阳飞机工业（集团）有限公司
AVIC Shengyang Aircraft Industry (Group) Co., Ltd.
沈阳
中航工业沈阳飞机设计研究所
AVIC Shengyang Aircraft Design Institute
沈阳
中航工业沈阳发动机设计研究所
AVIC Shengyang Engine Design Institute
沈阳
中航工业沈阳黎明航空发动机(集团)有限责任公司
AVIC Shengyang Liming Airline Engine (Group) Co., Ltd.
沈阳
中航工业集团公司沈阳飞机设计研究所
AVIC Shengyang Aircraft Design Institute
沈阳
中航沈飞民用飞机有限责任公司
AVIC Shengyang Civil Aircraft Co., Ltd.
沈阳
中航沈阳高新科技有限公司
AVIC Shengyang High-Tech Co., Ltd.
沈阳
成都飞机工业公司机电产品总公司沈阳分公司
Chengdu Aircraft Industrial Corporation Mechanical and Electronic Products Co.,
沈阳
Ltd , Shengyang Branch
沈飞天翔发展总公司
SAC Tianxiang Development Corp
沈阳
沈飞民用飞机有限责任公司
SAC Civil Aircraft Co., Ltd.
沈阳
沈飞电力机械厂
SAC Electric Power Machinery Manufacturing Co., Ltd
沈阳
沈飞汽车制造有限公司
SAC Car Manufacturing Co., Ltd.
沈阳
沈飞仓储物流设备制造有限公司
SAC Warehousing Logistics Equipment Manufacturing Co., Ltd.
沈阳
沈飞轻型汽车厂
SAC Light Car Manufacturing Co., Ltd
沈阳
沈飞进出口公司
SAC Import and Export Corporation
沈阳
沈阳5705工厂
Shenyang NO.5705 Manufacturing Co., Ltd
沈阳
沈阳三鑫幕墙工程有限公司
Shenyang Sanxin Curtain Wall Engineering Co., Ltd.
沈阳
沈阳上发汽车零部件有限公司
Shenyang Shangfa Automotive Components Co., Ltd
沈阳
沈阳飞机工业(集团)有限公司
Shenyang Aircraft Industry (Group) Co., Ltd.
沈阳
沈阳飞机工业(集团)有限公司烟草机械厂
SAC Tobacco Machinery Manufacturing Co., Ltd
沈阳
沈阳飞机工业集团物流装备有限公司
SAC Logistics Equipment Co., Ltd.
沈阳
沈阳飞机工业集团销售有限公司
SAC Sales Co., Ltd.
沈阳
沈阳飞机制造公司铝合金结构工程公司
SAC Aluminum Alloy Structure Engineering Co., Ltd
沈阳
沈阳飞机制造公司铝合金结构工程公司宁波办事处
SAC Aluminum Alloy Structure Engineering Co., Ltd, Ningbo, PRC Office
沈阳
沈阳飞机国际航空制造股份有限公司
SAC International Aviation Manufacturing Co., Ltd.
沈阳
沈阳中航
Shenyang AVIC
沈阳
沈阳发动机设计研究所
Shenyang Engine Design Institute
沈阳
沈阳兴华
Shenyang Xinghua Co., Ltd
沈阳
沈阳兴华航空电器有限责任公司
Shenyang Xinghua Aviation Electric Appliance Co., Ltd.
沈阳
沈阳沈飞民品工业有限公司
Shenyang SAC Civil Goods Industry Co., Ltd.
沈阳
沈阳沈飞民品工业有限公司昆明办事处
Shenyang SAC Civil Goods Industrial Co., Ltd. , Kunming Office
沈阳
沈阳沈飞民品工业有限公司烟草机械厂
Shenyang SAC Civil Goods Industrial Co., Ltd. ,Tobacco Machinery
沈阳
沈阳沈飞民品工业有限公司通路地板厂
Shenyang SAC Civil Goods Industrial Co., Ltd. Floor Manufacturing Factory
沈阳
沈阳沈飞高级技校
Shenyang SAC Senior Technical school
沈阳
沈阳沈飞集团铝业幕墙工程有限公司
Shenyang SAC Aluminum Curtain Wall Engineering Co., Ltd.
沈阳
沈阳沈飞新平科烟机装配有限公司
Shenyang SAC Xinping Keyan Machine Assembly Co., Ltd.
沈阳
沈阳航空工业供销储运公司
Shenyang Aviation Industry Supply& Marketing and Storage& transportation
Co., Ltd
沈阳
沈阳航空学院
Shenyang Aviation College
沈阳
沈阳通用航空有限公司
Shenyang General Aviation Co., Ltd.
沈阳
沈阳黎明发动机制造公司
Shenyang Liming Engine Manufacturing Co., Ltd
沈阳
沈阳黎明燃机分公司
Shenyang Liming Gas Turbine Branch
沈阳
航天沈阳新乐厂
Shengyang Space XinLe Manufacturing Co., Ltd
沈阳
辽宁省航天航空学会
Liaoning Aerospace Institute
沈阳
天虹商场沙井公司
Tianhong Dept. Store (Shajing Branch) Co., Ltd
沙井
Pinying, Guandong Province, PRC
天虹商场沙河公司
Tianhong Dept. Store (Shahe Branch) Co., Ltd
沙河
Shahe, Guandong Province, PRC
酉阳县中航路通沥青有限公司
You Yang AVIC Road Asphalt Co., Ltd.
酉阳
Youyang, Chongqing, PRC
中航格澜阳光花园(一期)公司
AVIC Gelan Sunshine Garden (Phase I)
阳江
Yangjiang, Sichuan Province, PRC
中航格澜阳光花园(二期)公司
AVIC Gelan Sunshine Garden (Phase Ⅱ)
阳江
中航技国际经贸发展阳江公司
AVIC International Trade and Economic Development Co., Ltd. Yangjiang
Branch
阳江
中国航空油料有限责任公司内蒙古分公司
China Aviation Oil Co., Ltd. Inner Mongolia Branch
呼和浩特
内蒙古神舟硅业有限责任公司
Inner Mongolia Shenzhou Silcon Industry Co., Ltd.
呼和浩特
天虹商场国展公司
Tianhong Dept. Store (Guozhan Branch) Co., Ltd
深圳
Shenzhen, Guandong Province, PRC
天虹商场国贸公司
Tianhong Dept. Store (Guomao Branch) Co., Ltd
深圳
Shenzhen, Guandong Province, PRC
中国航空技术国际公寓坦桑尼亚公司
AVIC International Apartment Tanzania Co., Ltd
坦桑尼亚
Daressalaam, Tanzania
中航地产(坦桑尼亚)公司
AVIC Real Estate Co., Ltd (Tanzania)
坦桑尼亚
中航技坦桑尼亚公司
AVIC Tanzania Co., Ltd.
坦桑尼亚
中航技委内瑞拉公司
AVIC Venezuela Co., Ltd.
委内瑞拉
Caracas, Venezuela
中航技孟加拉国公司
AVIC Bangladesh Co., Ltd.
孟加拉国
Bengal, Bangladesh
成都蓝天实业总公司定州分公司
Chengdu Bluesky Industrial Co., Ltd , Dingzhou Branch
定州
Dingzhou, Hebei Province, PRC
中航证券宜春营业部
Yichun Division of AVIC Securities
宜春
Yichun, Heilongjiang Province, PRC
三江机械厂
Sanjiang Machinery Manufacturing Co., Ltd
宜宾
Yibin, Sichuan Province,PRC
Hoh hot, Autonomous
Region Inner Mongolia, PRC
Hoh hot, Autonomous Region
Inner Mongolia, PRC
Company
名称
地方
中航工业宜宾三江机械有限责任公司
AVIC Yibin, PRC sanjiang Machinery Co., Ltd.
宜宾
Yibin, Sichuan Province, PRC
宜宾三江机械有限责任公司
Yibin, PRC sanjiang Machinery Co., Ltd.
宜宾
Yibin, Sichuan Province, PRC
宝成通用电子公司
Pou Chen ge Electronic Co., Ltd.
宝鸡
Baoji, Shaanxi Province, PRC
陕西宝成航空仪表有限责任公司
Shanxi, PRC Baocheng Aviation Instrument Co., Ltd.
宝鸡
陕西航天导航设备有限公司
Shanxi, PRC Aerospace Navigation Equipment Co., Ltd.
宝鸡
天虹商场岳阳公司
Tianhong Dept. Store (Yueyang Branch) Co., Ltd
岳阳
Yueyang, Hunan Province, PRC
国营长江动力机械厂
State-run Yangtze Power Machinery Manufacturing Co., Ltd
岳阳
岳阳中航地产有限公司
Yueyang AVIC Real Estate Co., Ltd.
岳阳
岳阳中航国际广场公司
Yueyang AVIC International plaza Co., Ltd.
岳阳
岳阳南湖翡翠湾公司
Yueyang Nanhu Feicui Bay Co., Ltd
岳阳
岳阳建桥投资置业有限公司
Yueyang Bridge Investment Real Estate Co., Ltd.
岳阳
岳阳格兰云天大酒店有限公司
Yueyang Grand SkyLight Hotel Co., Ltd.
岳阳
岳阳格兰云天酒店
Yueyang Grand SkyLight Hotel
岳阳
中国航空油料延安民航加油站
Yanan Civil Aviation of China Aviation Oil gas station
延安
Yan'an, Shaanxi Province, PRC
中航城置业(昆山)有限公司
AVIC City Real Estate (kunshan) Co., Ltd.
昆山
Kunshan, Jiangsu Province, PRC
昆山九方城A6地块公司
Kunshan Jiufang Cheng A6 plot
昆山
昆山九方城公建一期公司
Kunshan Jiufang Cheng 1st Phase Co. Ltd
昆山
昆山九方城公建二期公司
Kunshan Jiufang Cheng 2nd Phase Co. Ltd
昆山
昆山九方城住大卖场公司
Kunshan Jiufang Cheng Market Co., Ltd
昆山
昆山九方城住宅一期公司
Kunshan Jiufang Cheng housing Co., Ltd
昆山
昆山九方城住宅二期公司
Kunshan Jiufang Cheng housing Co., Ltd, No.2
昆山
昆山中航城一期公司
Kunshan AVIC City Co., Ltd,No.1
昆山
昆山中航城二期公司
昆山
昆山中航城三期公司
昆山
昆山中航城五期(虹项目)公司
昆山
昆山中航城四期(酒店项目)公司
昆山
昆山市中航地产有限公司
Kunshan City AVIC Real Estate Co., Ltd.
昆山
昆山格兰云天国际酒店
Kunshan Grand SkyLight Hotel
昆山
中航证券昆明营业部
Kunming Division of AVIC Securities
昆明
昆明中航磷化工有限责任公司
Kunming AVIC phosphorus chemical Industry Co., Ltd.
昆明
中航工业昌河飞机工业（集团）有限责任公司
AVIC Changhe Aircraft Industry (Group) Co., Ltd.
昌河
Changhe, Jiangxi Province, PRC
中国电子进出口浙江公司
China Electronics Import and Export Co., Ltd , Zhejiang province
杭州
Hangzhou, Zhejiang Province, PRC
中国航空技术进出口杭州公司
China Aviation Technology Import and Export Co., Ltd,Hangzhou
杭州
中航国际矿产资源有限公司
AVIC International Mineral Resources Co., Ltd.
杭州
中航证券杭州营业部
Hangzhou Division of AVIC Securities
杭州
安徽沈飞机房设备技术有限公司
Anhui SAC Computer Equipment Technology Co., Ltd.
杭州
西安飞机工业装饰装修工程股份有限公司杭州分公司
Xi 'an Aircraft Industry Decoration Engineering Co., Ltd., Hangzhou Branch
杭州
沈阳沈飞集团铝业幕墙工程有限公司浙江分公司
Shengyang Shengyang Aircraft Corporation Aluminum Curtain Wall Engineering
杭州
Co., Ltd. Zhejiang Branch
杭州航天电子技术有限公司
Hangzhou Aerospace Electronic Technology Co., Ltd.
杭州
天虹商场松岗公司
Tianhong Dept. Store (Songgang Branch) Co., Ltd
松岗
Songgang, Guandong Province, PRC
欧洲天马公司
Tianhong Co., Ltd, Songgang
欧洲
Songang, Guandong Province, PRC
中国民用航空中南地区空中交通管理中心
Central South Region China Civil Aviation Airtraffic Management Center Co.,
Ltd
武汉
Wuhan, Hubei Province, PRC
中国电子进出口武汉公司
China Electronics Import and Export Co., Ltd, Wuhan Branch
武汉
中国航空工业供销中南公司
China Aviation Industry Supply and Marketing chung nam
武汉
中国航空工业供销中南公司招待所
China Aviation Industry Supply and Marketing zhongnan Co., Ltd, guest house
武汉
中航工业武汉航空仪表有限责任公司
China Aviation Industry Aviation Instrument Co., Ltd. ,Wuhan Branch
武汉
中航证券武汉营业部
Wuhan Division of AVIC Securities
武汉
长天电工集团有限公司
Changtian Electrical Group Co., Ltd.
武汉
成都飞机工业公司进出口公司驻武汉办事处
CAC Import and Export Co., Ltd, Wuhan Office
武汉
武汉中航
精冲技术
有限公司
Wuhan AVIC Jingchong Technology Co., Ltd.
武汉
武汉中航金属材料有限公司
Wuhan AVIC Metal Materials Co., Ltd.
武汉
武汉中航科技有限公司
Wuhan AVIC TechnologyCo., Ltd.
武汉
武汉中航美林投资有限公司
Wuhan AVIC Meilin Investment Co., Ltd.
武汉
武汉天马微电子有限公司
Wuhan Tianma Micro-Electronics Co., Ltd.
武汉
武汉神龙电子有限公司
Wuhan Shenlong Electronics Co., Ltd.
武汉
武汉航空工业供销有限公司
Wuhan Aviation Industry Supply and Marketing Co., Ltd.
武汉
武汉航空仪表有限责任公司
Wuhan Aviation Instrument Co., Ltd.
武汉
湖北省航天航空学会
Hubei Aerospace Institute
武汉
中航技国际经贸发展河南公司
AVIC International Trade and Economic Development Co., Ltd. Henan Office
河南
Luoyang, Henan Province, PRC
中航技法国公司
AVIC French Co., Ltd
法国
Panjas, France
中航国际法国公司
AVIC International French Co., Ltd
法国
Panjas, France
Deltamarin Sp Z o.o. Poland
Deltamarin Sp Z o.o. Poland
波兰
Gdansk, Poland
贵州中铁中航能源有限公司
Guizhou China Railway Aviation Energy Co., Ltd.
织金县
Zhijin, Guizhou Province, PRC
中航技肯尼亚公司
AVIC Kenya Co., Ltd.
肯尼亚
Nairobi, Kenya
安徽成飞集成瑞鹄汽车模具有限公司
Anhui Chengfei Integration Technology Ruihu Auto Molde Co., Ltd.
芜湖
Wuhu, Anhui Province, PRC
Company
名称
地方
安徽和成矿业有限公司
Anhui Hecheng Mining Co., Ltd.
芜湖
芜湖5720工厂
Wuhu No.5720 Manufacturing Co., Ltd
芜湖
Elomatic Oy Finland
Elomatic Oy Finland
芬兰
Turku, Finland
GPS Delatamarin (M) SDN. BHD. Malaysia
GPS Delatamarin (M) SDN. BHD., Malaysia
芬兰
Turku, Finnland
Kiinteisto Oy Pilottitie Finland
Kiinteisto Oy Pilottitie Finland
芬兰
Turku, Finnland
OAO Sibgiprozoloto
OAO Sibgiprozoloto
芬兰
Turku, Finnland
Offshore Technology Center Oy Finland
Offshore International Technology Center Oy Finland
芬兰
Turku, Finnland
芬兰船舶设计公司(德他马林)
Finland ship Design Co., Ltd (De ta marin)
芬兰
Turku, Finnland
天虹商场虎门公司
Tianhong Dept. Store (Humen Branch) Co., Ltd
虎门
Humen, Guandong Province, PRC
河北中航粮油储备有限公司
Hebei China Aviation Grain and Oil Reserves Co., Ltd.
邯郸
Handan, Hebei Province, PRC
中航工业金城集团有限公司
AVIC Jincheng Group Co., Ltd.
金城
Jincheng, Shanxi Province, PRC
安徽开乐专用车辆股份有限公司
Anhui Kaile Special Vehicles Co., Ltd.
阜阳
Fuyang, Anhui Province, PRC
中航技阿尔及利亚公司
AVIC Algerian Co., Ltd.
阿尔及利亚
Algier, Algeria
中航技阿联酋公司
AVIC Uae Co., Ltd.
阿联酋
Abu Dhabi, UAE
青海中航生态农业有限公司
Qinghai China Aviation Ecological Agriculture Co., Ltd.
青海
Qinghai, Tibet, PRC
青海中航硅材料有限公司
Qinghai China Aviation Silcon Material Co., Ltd.
青海
Qinghai, Tibet, PRC
青海中航资源有限公司
Qinghai China Aviation Resources Co., Ltd.
青海
Qinghai, Tibet, PRC
格尔木市玉丰有限责任公司
Geermu Yufeng Co., Ltd.
青海
Qinghai, Tibet, PRC
上海航空股份有限公司青岛营业部
Shanghai, PRC Airlines Co., Ltd. , Qingdao Office
青岛
Qingdao, Shandong Province, PRC
中航工业青岛前哨精密机械公司
AVIC Qingdao Qianshao Precision Machinery Co., Ltd.
青岛
中航工业青岛疗养院
AVIC Qingdao Sanatorium
青岛
中航海信光电技术有限公司
AVIC Hisense Photoelectric Technology Co., Ltd.
青岛
西安飞机工业装饰装修工程股份有限公司青岛分公司
XAC Decoration Engineering Co., Ltd. Qingdao Branch
青岛
沈阳沈飞集团铝业幕墙工程有限公司青岛分公司
Shengyang SAC Aluminum Curtain Wall Engineering Co., Ltd. Qingdao Branch
青岛
青岛天虹商埸有限公司
Tianhong Dept. Store (Qingdao Branch) Co., Ltd
青岛
青岛前哨大酒店
Qingdao Qianshao Hotel
青岛
青岛前哨风动工具制造技术有限公司
Qingdao Qianshao Pneumatic Tool Manufacturing Technology Co., Ltd.
青岛
青岛前哨科技园
Qingdao Qianshao Science Park
青岛
青岛前哨精密机械公司
Qingdao Qianshao Precision Machinery Co., Ltd.
青岛
青岛前哨矿山技术装备有限责任公司
Qingdao Qianshao Mining Technology and Equipment Co., Ltd.
青岛
青岛南方国能清洁能源有限公司
Qingdao South China Clean Energy Co., Ltd.
青岛
前哨门诊部
Qianshao Clinic
青岛
陕西西清电子股份有限公司青岛分公司
Shanxi, PRC Xiqing Electronics Co., Ltd., Qingdao Branch
青岛
海克斯康测量技术（青岛）有限公司
Hexagon Measurement Technology (Qingdao) Co., Ltd.
青岛
航空工业青岛疗养院
AVIC China Qingdao Sanatorium
青岛
深圳市成飞实业有限公司山东办事处
Shenzhen CAC Industrial Co., Ltd. , Shandong, PRC Office
青岛
岛前哨精密仪器有限公司
Qingdao Qianshao Precision Instrument Co., Ltd.
青岛
中航技俄罗斯公司
AVIC Russia Co., Ltd.
俄罗斯
Krasnodar, Russia
俄罗斯雪松公司
Russia Cedar Co., Ltd
俄罗斯
Krasnodar, Russia
中国长城工业总公司
China Great Wall Industry Corporation
保定
Baoding, Hebei Province, PRC
中航工业数控机床再制造及备件中心
AVIC Machine Tool remanufacturing Center
保定
中航联众数控技术（北京）有限公司
AVIC Lianzhong Numerical Control Technology (Beijing) Co., Ltd.
保定
保定向阳吉拉蒂机械有限公司
Baoding Xiangyang Gilardino's Machinery Co., Ltd.
保定
保定向阳航空机密机械有限公司
Baoding Xiangyang Aviation Confidential Machinery Co., Ltd.
保定
保定向阳航空机密机械有限公司工艺装备厂
Baoding Xiangyang Aviation Confidential
保定
保定向阳航空机密机械有限公司航空产品制造厂
Baoding Xiangyang Aviation Confidential Manufacturing Co., Ltd
保定
保定向阳航空机密机械有限公司模具标准件厂
Baoding Xiangyang Aviation Confidential Standard Mold Manufacturing Co.,
Ltd
保定
保定向阳航空机密机械有限公司锯床厂
Baoding Xiangyang Aviation Confidential Machine Manufacturing Co., Ltd
保定
保定向阳航空精密机械有限公司
Baoding Xiangyang Aviation Precision Machinery Co., Ltd.
保定
保定康能生物医学工程有限公司
Baoding Kangneng Biomedical Engineering Co., Ltd.
保定
惠阳航空螺旋桨有限责任公司
Huiyang Aviation Propeller Co., Ltd.
保定
乐凯胶片股份有限公司
China Lekai Film Corporation
保定
中航工业保定向阳航空精密机械有限公司
AVIC Baoding Xiangyang Aviation Precision Machinery Co., Ltd.
保定向阳
Xiangyang, Hubei Province, PRC
中航工业柔性智慧工艺装备研制中心
AVIC Rouxing Intelligent Process Equipment Development Center
保定向阳
Xiangyang, Hubei Province, PRC
中航工业保定惠阳航空螺旋桨制造厂
AVIC Baoding Huiyang Aviation Propeller Manufacturing
保定惠阳
Huiyang, Guangdong Province, PRC
天虹商场前海公司
Tianhong Dept. Store (Qianhai Branch) Co., Ltd
前海
Qianhai, Guangdong Province, PRC
天虹商场前进公司
Tianhong Dept. Store (Qianjin Branch) Co., Ltd
前进
Qianjin, Guangdong Province, PRC
飞亚达销售有限公司
Feiyada Sales Co., Ltd.
南宁
西安飞机工业装饰装修工程股份有限公司南宁分公司
XAC Decoration Engineering Co., Ltd., Nanning Branch
南宁
中国航空油料有限责任公司武夷山供应站
China Aviation Oil Co., Ltd. Wuyishan Distribution Plant
南平
Nanping, Fujian Province, PRC
中航三叶物流投资股份
AVIC Sanye Logistics Investment Co.
南安
Nan'an, Fujian Province, PRC
中航证券南阳营业部
Nanyang Division of AVIC Securities
南阳
Nanyang, Henan Province, PRC
乐凯华光印刷科技有限公司
Lekai Huaguang Printing Technology Co., Ltd.
南阳
Nanyang, Henan Province, PRC
中国航空工业供销华东有限公司
China Aviation Industry Supply and Marketing China Co., Ltd.,Huadong Branch 南京
Nanjing, Jiangsu Province, PRC
中国航空工业第一集团公司南京机电液压工程
AVIC Nanjing Electromechanical Hydraulic Engineering Co
Equipment Manufacturing Co., Ltd
南京
Nanning, Autonomous Region
Guangxi, PRC
Nanning, Autonomous
Region Guangxi, PRC
名称
Company
AVIC Nanjing Jincheng Electromechanical Hydraulic Engineering Research
Center
地方
南京
中航工业南京宏光空降装备厂
AVIC Nanjing Hongguang Airborne Equipment Manufacturing Co., Ltd
南京
中航国际供销中南公司
AVIC International Supply and Marketing Co., Ltd , Zhongnan Branch
南京
成都飞机工业公司机电产品总公司南京分公司
CAC Mechanical and Electronic Products Co., Ltd , Nanjing Branch
南京
成都蓝天实业总公司南京分公司
Chengdu Blue sky Industrial Co., Ltd, Nanjing Branch
南京
江苏省航天航空学会
Jiangsu Aerospace Institute
南京
中国航空工业集团公司金城南京机电液压工程研究中心
西飞铝业（南京）有限公司
XAC Aluminum Industry (Nanjing) Co., Ltd.
南京
西安飞机工业装饰装修工程股份有限公司南京分公司
XAC Decoration Engineering Co., Ltd. Nanjing Branch
南京
宏光空降装备有限公司
Hongguangt Airborne Equipment Co., Ltd.
南京
沈阳沈飞集团铝业幕墙工程有限公司南京分公司
Shengyang SAC Aluminum Curtain Wall Engineering Co., Ltd. Nanjing Branch
南京
金城集团有限公司
Jincheng Group Co., Ltd.
南京
南京中航工业科技城发展有限公司
Nanjing AVIC City Development Co., Ltd.
南京
南京中航实业公司
Nanjing AVIC Industrial Co., Ltd
南京
南京华航物资城
Nanjing Huahang Goods and Material City
南京
南京华航空汽车摩销售有限公司
Nanjing China Aerospace Automobile Motorcycle Sales Co., Ltd.
南京
南京机电液压研究中心
Nanjing Hydraulic Research Center
南京
南京艾维克飞行学院
Nanjing AVIC Flight School
南京
南京宏光空降装备厂
Nanjing Macro Light Airborne Equipment Manufacturing Co., Ltd
南京
南京金城液压工程有限公司
Nanjing Jincheng Hydraulic Engineering Co., Ltd.
南京
南京金城软件公司
Nanjing Jincheng software Co., Ltd
南京
南京峻景房地产开发有限公司
Nanjing Junjing Real Estate Development Co., Ltd.
南京
南京航空蓝凌工贸公司
Nanjing Aviation Lanling Industry &Trade Co., Ltd.
南京
南航艾维飞行学校
China Southern Airlines Flying school
南京
中国航空工业供销江西公司
AVIC Supply and Marketing Co., Ltd Jiangxi Branch
南昌
Nanchang, Jiangxi Province, PRC
中国航空工业供销江西公司汽车销售部
AVIC Supply and Marketing Co., Ltd Jiangxi Branch Car Sales Department
南昌
中国航空工业供销江西公司昌北汽车销售部
AVIC Supply and Marketing Co., Ltd Jiangxi Branch Changbei Car Sales
Department
南昌
中国航空工业总公司407库
AVIC NO.407 Information Storage Co. Ltd
南昌
中航江南期货经纪有限公司南昌营业部
AVIC Jiangnan Futures Brokerage Co., Ltd. Nanchang Division
南昌
中航信托股份有限公司
AVIC ChinaTrust Co., Ltd.
南昌
中航证券南昌营业部
Nanchang Division of AVIC Securities
南昌
中航证劵有限公司
AVIC Securities Co.
南昌
江汉航空救生装备工业公司
Jianghan Aviation Life-saving Equipment Industry Co., Ltd.
南昌
江西中航地产有限责任公司
Jiangxi AVIC Real Estate Co., Ltd.
南昌
江西中航贸易有限公司
Jaingxi AVIC ChinaTrade Co., Ltd.
南昌
江西长江通用航空有限公司
Jiangxi Yangtze River General Aviation Co., Ltd.
南昌
江西共青城中航迎宾馆有限公司
Gongqingcheng Jiangxi AVIC Hotel Co., Ltd.
南昌
江西江南产权经纪有限责任公司
Jiangxi Jiangnan Property Brokerage Co., Ltd.
南昌
江西佳利商城住宅开发有限公司
Jiangxi Jiali mall Housing Development Co., Ltd.
南昌
江西洪都中发机械有限责任公司
Jiangxi Hongdu Zhongfa Machinery Co., Ltd.
南昌
江西洪都国际机电有限责任公司
Jiangxi Hongdu International Electrical and Mechanical Co., Ltd.
南昌
江西洪都航空工业(集团)有限责任公司
Jiangxi Hongdu Aviation Industry (Group) Co., Ltd.
南昌
江西洪都航空工业股份有限公司
Jiangxi Hongdu Aviation Industry Co., Ltd.
南昌
江西洪都航空工业集团有限责任公司
Jiangxi Hongdu Aviation Industry Group Co., Ltd.
南昌
江西洪都航空工业进出口有限公司
Jiangxi Hongdu Aviation Industry Import and Export Co., Ltd.
南昌
江西洪都商用飞机股份有限公司
Jiangxi Hongdu Commercial Aircraft Co., Ltd.
南昌
江西洪都数控机械有限责任公司
Jiangxi Hongdu CNC Machinery Co., Ltd.
南昌
江西洪都新府置业有限公司
Jiangxi Hongdu Xinfu Real Estate Co., Ltd.
南昌
江西洪都精工机械有限公司
Jiangxi Hongdu Precision Machinery Co., Ltd.
南昌
江西省航天航空学会
Jiangxi Aerospace Institute
南昌
江西航空大厦
Jiangxi Aviation building
南昌
江西景航航空锻铸有限公司
Jiangxi Jinghang Aviation Galvanization Co., Ltd.
南昌
南昌中航国际广场公司
Nanchang AVIC International Plaza Co., Ltd.
南昌
南昌市天虹置业有限公司
Tianhong Dept. Store Real Estate (Nanchang)
南昌
南昌格兰云天国际酒店
Nanchang Grand SkyLight International Hotel
南昌
南昌格兰云天国际酒店有限公司
Nanchang Grand SkyLight International Hotel Co., Ltd.
南昌
洪都航空
Hongdu Aviation
南昌
中航证券南通营业部
Nantong Division of AVIC Securities
南通
Nantong, Jiangsu Province, PRC
天虹商场厚街公司
Rainbow Dept. Store (Houjie Branch) Co., Ltd
厚街
Houjie, Guandgong Province, PRC
武功机场5702工厂
Wugong Airport No.5702 Manufacturing Co., Ltd
咸阳
Xianyang, Shaanxi Province, PRC
中国航空工业供销哈尔滨有限公司
AVIC Supply and Marketing Co., Ltd. Harbin Branch
哈尔滨
Harbin, Heilongjiang Province, PRC
中国航空工业空气动力研究院
哈尔滨
中国航空工业空气动力研究院哈尔滨分院
AVIC Aerodynamics Research Institute Harbin Co., Ltd
哈尔滨
中国航空技术哈尔滨有限公司
AVIC Harbin Co., Ltd.
哈尔滨
中国航空技术进出口哈尔滨公司
AVIC Import and Export Co., Ltd Harbin Branch
哈尔滨
中航工业气动院哈尔滨院区
AVIC Pneumatic Academy Harbin institute
哈尔滨
Company
名称
地方
中航工业哈尔滨二四二医院
AVIC Harbin No.242 Hospital
哈尔滨
中航工业哈尔滨飞机工业（集团）有限责任公司
AVIC Harbin Aircraft Industry (Group) Co., Ltd.
哈尔滨
中航工业哈尔滨东安发动机(集团)有限公司
AVIC Harbin Dongan Engine (Group) Co., Ltd.
哈尔滨
中航工业哈尔滨轴承有限公司
AVIC Harbin Bearing Co., Ltd.
哈尔滨
中航国际供销哈尔滨公司
AVIC Harbin International Supply and Marketing Co., Ltd
哈尔滨
沈阳沈飞集团铝业幕墙工程有限公司哈尔滨分公司
Shengyang SAC Aluminum Curtain Wall Engineering Co., Ltd. Harbin Branch
哈尔滨
哈飞股份
Hafei Co.
哈尔滨
哈飞航空工业股份有限公司
Hafei Aviation Industry Co., Ltd.
哈尔滨
哈尔滨二四二医院
AVIC Harbin No.242 Hospital
哈尔滨
哈尔滨飞机工业集团有限责任公司
Harbin Aircraft Industry Group Co., Ltd.
哈尔滨
哈尔滨东安发动机(集团)有限公司
Harbin Dongan Engine (Group) Co., Ltd.
哈尔滨
哈尔滨安博威
Harbin Anbowei
哈尔滨
哈尔滨安博威飞机工业有限公司
Harbin Anbowei Aircraft Industry Co., Ltd.
哈尔滨
哈尔滨哈飞空客复合材料制造中心有限公司
Harbin Hafei Airbus Composite Manufacturing Centre Co., Ltd
哈尔滨
哈尔滨航空工业集团有限责任公司
Harbin Aircraft Industry Group Co., Ltd.
哈尔滨
哈尔滨深航汽车空调有限公司
Harbin Shenhang Automotive Air Conditioning Co., Ltd.
哈尔滨
哈航集团
Harbin Aviation Group
哈尔滨
黑龙江省航天航空学会
Heilongjiang Aerospace Institute
哈尔滨
山东省威海船厂
Shandong, PRC Weihai Shipyard
威海
中航威海船厂有限公司
AVIC Weihai Shipyard Co., Ltd.
威海
天虹商场威海公司
Tianhong Dept. Store (Weihai Branch) Co., Ltd
威海
威海金锚船舶技术服务有限公司
Weihai Jin Mao shipping Technology Service Co., Ltd.
威海
威海品悦贸易有限责任公司
Weihai Pinyue Trade Co., Ltd.
威海
威海济钢启跃船材有限公司
Weihai Jigangqiyue Ship Material Co., Ltd.
威海
威海港集团有限公司
Weihai Harbour Group Co., Ltd.
威海
威海新船物资供应有限公司
Weihai Xinchuan Material Supplies Co., Ltd.
威海
烟台西飞铝业有限公司威海分公司
Yantai XAC Aluminum Industry Co., Ltd. Weihai Branch
威海
天虹商场娄底公司
tianhong Dept. Store (Loudi Branch) Co., Ltd
娄底
Loudi, Hunan Province, PRC
娄底市天虹百货实业有限公司
Loudi Rainbow Mechandise Co., Ltd.
娄底
Loudi, Hunan Province, PRC
天虹商场宣武公司
tianhong Dept. Store (Xuanwu Branch) Co., Ltd
宣武
Xuanwu, Beijing, PRC
星加坡
Singapore
AVIC International Marine Engineering Pte.Ltd
AVIC International Marine Engineering Pte.Ltd
星加坡
Singapore
AVIC International Martime Holdings Limited Group
AVIC International Martime Holdings Limited Group
星加坡
Singapore
AVIC International Offshore Pte. Ltd.
AVIC International Offshore Pte. Ltd.
星加坡
Singapore
AVIC International Ship Development Pte. Ltd.
AVIC International Ship Development Pte. Ltd.
星加坡
Singapore
AVIC International Ship Engineering Pte. Ltd.
AVIC International Ship Engineering Pte. Ltd.
星加坡
Singapore
Catic Investments Pte. Ltd.
Catic Investments Pte. Ltd.
星加坡
Singapore
Continental Motors, Inc.
Continental Motors, Inc.
星加坡
Singapore
EDI柴油发动机公司
EDI Diesel Engine Co., Ltd
星加坡
Singapore
EKOF Flotation GmbH Bochum
Bochum EKOF Flotation GmbH
星加坡
Singapore
Kaixin Industrial Pte. Ltd.
Kaixin Industrial Pte. Ltd.
星加坡
Singapore
Machine Mart Co. Ltd.
Machine Mart Co., Ltd.
星加坡
Singapore
Mangrove Insurance Solutions
Mangrove Insurance Solutions
星加坡
Singapore
Marina Grace Amanda Ltd.
Marina Grace Amanda Ltd.
星加坡
Singapore
Marina Grace Belinda Ltd.
Marina Grace themselves Ltd.
星加坡
Singapore
Nereus Marine Pte. Ltd.
Nereus Marine Pte. Ltd.
星加坡
Singapore
NLT技术有限公司
NLT Technology Co., Ltd.
星加坡
Singapore
Radiance Catico Offshore Pte. Ltd.
Radiance CATICo Offshore International Pte. Ltd.
星加坡
Singapore
SPARC Ship Investments Ltd.
SPARC Ship Investments Ltd.
星加坡
Singapore
Vesper Marine Ltd.
Vesper Marine Ltd.
星加坡
Singapore
中航国际投资有限公司
AVIC International Investment Co., Ltd.
星加坡
Singapore
天虹商场柯桥公司
tianhong Dept. Store (Heqiao Branch) Co., Ltd
柯桥
Heqiao, Beijing, PRC
中航证券柳州营业部
Liuzhou Division of AVIC Securities
柳州
柳州金陵汽车电子有限公司
Liuzhou Jinling Automobile Electronic Co., Ltd.
柳州
柳州乘龙专用车有限公司
Liuzhou ChengLong Special Automobile Co., Ltd.
柳州
中航证券泉州营业部
Quanzhou Division of AVIC Securities
泉州
Quanzhou, Fujian Province, PRC
天虹商场泉州公司
Rainbow Dept. Store (Quanzhou Branch) Co., Ltd
泉州
泉州市天虹商场有限公司
Rainbow Dept. Store (Quanzhou Branch) Co., Ltd
泉州
中国空空导弹研究院洛阳二〇二医院
China Academy of Air-to-air Missile Luoyang o. 202 Hospital
洛阳
中国空空导弹研究院凯迈(洛阳)气源有限公司
China Academy of Air-to-air Missile kay (Luoyang) Air Supply Co., Ltd.
洛阳
中国空空导弹研究院凯迈(洛阳)电子有限公司
China Academy of Air-to-air Missile kay Electronics Co., Ltd. (Luoyang)
洛阳
洛阳
中国空空导弹研究院凯迈(洛阳)机电有限公司
China Academy of Air-to-air Missile kay (Luoyang) Mechanical and Electrical
Co., Ltd.
China Academy of Air-to-air Missile kay (Luoyang) Measurement and Control
Co., Ltd.
Liuzhou, Autonomous Region
Guangxi, PRC
Guangxi, PRC
Guangxi, PRC
洛阳
中国航空工业总公司第六一三研究所汽车修理
AVIC China No.613 Institute Auto Repair Manufacturing Co., Ltd
洛阳
中国航空工业总公司第六一三研究所招待所
No.613 Institute of China Aviation Industry Corporation, Hostel
洛阳
中国空空导弹研究院凯迈(洛阳)测控有限公司
名称
Company
No.613 'Institute of China Aviation Industry Corporation, Intelligent
Engineering
地方
洛阳
中国航空工业总公司第六一三研究所计算机工
Institute of China Aviation Industry Corporation No.613 Computer Factory
洛阳
中航工业洛阳电光设备研究所
AVIC Luoyang Institute of Electro-Optical devices
洛阳
中航光电科技股份有限公司
AVIC Photo Electric Technology Co., Ltd.
洛阳
洛阳5715工厂
Luoyang No.5715 Manufacturing Co., Ltd
洛阳
洛阳光电技术发展中心
Luoyang Electro-Optical Technology Development Center
洛阳
洛阳南峰航空精密机电公司/洛阳航空电器厂
Luoyang Nanfeng Aviation Electric Precision Machinery Co., Ltd/Luoyang
Aviation Electronic Manufacturing Co., Ltd
洛阳
中航技津巴布伟公司
AVIC Zimbabwe Co., Ltd.
津巴布伟
Wie, Zimbabwe
山东山推欧亚陀机械有限公司
Shandong, PRC Shantui Eurasian tuo Machinery Co., Ltd.
济南
中国航空工业总公司第六一三研究所智能工程
山东中航物业管理有限公司
Shandong, PRC AVIC Real Estate Management Co., Ltd.
济南
山东中航蓝山工贸有限公司
Shandong, PRC AVIC Lanshan Industry &Trade Co., Ltd.
济南
山东省航天航空学会
Shandong, PRC Aerospace Institute
济南
山东新船重工管装制作有限公司
Shandong, PRC Xinchuan Heavy Industry Pipe Manfacturing Co., Ltd.
济南
中国航空工业济南特种结构研究所商务酒店
AVIC Jinan Special Structure Institute Business Hotel
济南
中国航空工业集团公司济南特种结构研究所
AVIC Jinan Special Structure Institute
济南
中航工业济南特种结构研究所
AVIC Jinan Special Structure Institute
济南
西安飞机工业装饰装修工程股份有限公司济南分公司
XAC Decoration Engineering Co., Ltd. Jinan Branch
济南
沈阳沈飞集团铝业幕墙工程有限公司济南分公司
Shengyang SAC Aluminum Curtain Wall Engineering Co., Ltd., Jinan Branch
济南
复合材料特种结构研究所
Special Structure of Composite Materials Institute
济南
AVIC USA Inc.
AVIC USA Inc.
美国
Los Angeles, USA
中航技美中贸易中心洛杉机公司
AVIC USA.-China Trade Center Los Angeles Co., Ltd
美国
Los Angeles, USA
中航技美中贸易中心纽约公司
AVIC USA.-China Trade Center in New York Co., Ltd
美国
New York, USA
中航技美国公司
AVIC American Co., Ltd.
美国
New York, USA
中航技美国华盛顿公司
AVIC American Co., Ltd. Washington Co., Ltd
美国
Washington, USA
中航技美国洛杉机公司
AVIC American Co., Ltd. Los Angeles Co., Ltd
美国
Los Angeles, USA
中航国际美国公司
AVIC International USA Co., Ltd
美国
New York, USA
中航国际新能源美国公司
AVIC International New Energy Co., Ltd USA Co., Ltd
美国
Houston, USA
美国大陆航空活塞发动机公司
USA Mainland Aviation Piston Engine Co., Ltd
美国
New York, USA
美国天马公司
Tianma USA Co., Ltd
美国
San Francisco, USA
美国天发公司
Tianfa USA Co., Ltd
美国
San Francisco, USA
美国耐世特汽车系统公司
USA Resistance Auto System Co., Ltd.
美国
Los Angeles, USA
Zemic USA Inc.
Zemic USA Inc.
美国加利福尼亚
Los Angeles, USA
Brizo Marine Ltd.
Brizo Marine Ltd.
英国
London, UK
中航技英国公司
AVIC British Co., Ltd.
英国
London, UK
中航国际英国公司
AVIC International UK Co., Ltd
英国
London, UK
中航国际新能源英国公司
AVIC International new energy Co., Ltd, Britain Branch
英国
London, UK
中航技国际经贸发展重庆公司
AVIC International Trade and Economic Development Chongqing Co., Ltd
重庆
Chongqing, PRC
中航重庆微电子有限公司
AVIC Chongqing Microelectronics Co., Ltd.
重庆
Chongqing, PRC
中航证券重庆营业部
Chongqing Division of AVIC Securities
重庆
Chongqing, PRC
成都蓝天实业总公司重庆分公司
Chengdu Bluesky Industrial Co., Ltd Chongqing Branch
重庆
Chongqing, PRC
重庆中航万科云岭置业有限公司
Chongqing AVIC China Vanke Yunling Real Estate Co., Ltd.
重庆
Chongqing, PRC
重庆中航万科峻景置业有限公司
Chongqing AVICVanke Junjing Real Estate Co., Ltd.
重庆
Chongqing, PRC
重庆中航万滨置业有限公司
Chongqing AVIC ChinaWanbin Real Estate Co., Ltd.
重庆
Chongqing, PRC
重庆江航投资有限公司
Chongqing Jianghang Investment Co., Ltd.
重庆
Chongqing, PRC
重庆航天火箭电子技术有限公司
Chongqing Aerospace Rocket Electronic Technology Co., Ltd.
重庆
Chongqing, PRC
重庆航天机电设计院
Chongqing Aerospace Mechanical and Electrical Design Institute
重庆
Chongqing, PRC
重庆航代工贸有限公司
Chongqing Hangdai Industry &Trade Co., Ltd.
重庆
Chongqing, PRC
重庆航悦置业有限公司
Chongqing Hangyue Real Estate Co., Ltd.
重庆
Chongqing, PRC
重庆红阳汽车密封件有限公司
Chongqing Hongyang Automobile Seal Co., Ltd.
重庆
Chongqing, PRC
陕西
Qianshan, Shanxi Province, PRC
陕西
Baocheng, Shanxi Province, PRC
陕西
Huayan, Shanxi Province, PRC
陕西
Hongyuan, Shanxi Province, PRC
陕西
陕西
陕西
Qiansha, Shanxi Province, PRC
陕西
陕西
陕西
Hongfeng, Shanxi Province, PRC
陕西
陕西
陕西
陕西
中航工业陕西千山航空电子有限责任公司
中航工业陕西飞机工业(集团)有限公司
中航工业陕西华燕航空仪表有限公司
中航工业陕西宏远航空锻造有限责任公司
中航工业陕西局对外经营及管理公司
中航工业陕西宝成航空仪表有限责任公司
中航工业陕西前山航空电子有限责任公司
中航工业陕西航空工业管理局
中航工业陕西航空电气有限责任公司
中航工业陕西航空宏峰精密机械工具公司
中航工业陕西航空硬质合金工具公司
中航工业陕西航空职业技术学院
中航工业陕西资产经营管理有限公司
陕西华燕航空仪表有限公司
AVIC Shanxi, PRC Aviation Industry Administration BureauQianshan Avionic
Co., Ltd
AVIC Shanxi, PRC Aviation Industry Administration Bureau Aircraft Industry
(Group) Co., Ltd.
AVIC Shaanx iHuayan Aviation Instrument Co., Ltd.
AVIC Shanxi, PRC Aviation Industry Administration
Aerospace forging Co., Ltd.
Operation and Management Co., Ltd
Instrument Co., Ltd.
Electronic Co., Ltd.
Administration Bureau
Co., Ltd.
Precision Machinery Tool Co., Ltd.
Tool Co., Ltd
School
Co., Ltd.
Instrument co., LTD
Bureau Hongyuan
Bureau Bureau Foreign
Bureau Baocheng Aviation
Bureau Qiansha Aviation
Bureau Aviation Industry
Bureau Aviation Electric
Bureau Aviation Hongfeng
Bureau Aeronautic Carbide
Bureau Aviation Technical
Bureau Asset Management
BureauHuayan Aviation
陕西宝成
Shanxi, PRC Baocheng Aviation Instrument Co., Ltd.
陕西
航空工业档案馆陕南分馆
Aviation Industry Archives Branch Lingnan
陕南
Shaannan, Hong Kong, PRC
Company
名称
地方
Digilink Systems Limited
Digilink Systems Limited
香港
Hong Kong, PRC
Master Crown Enterprises Ltd.
Master Crown Enterprises Ltd.
香港
Hong Kong, PRC
Mattituck Services, Inc.
Mattituck Services, Inc.
香港
Hong Kong, PRC
Max Glory Industries Ltd.
Max Glory Industries Ltd.
香港
Hong Kong, PRC
Sinolike Investments Limited
Sinolike Investments Limited
香港
Hong Kong, PRC
万宝企业有限公司
Wanbao Co.
香港
Hong Kong, PRC
万荣实业有限公司
Wanrong Enterprise Co.,Ltd
香港
Hong Kong, PRC
三鑫（香港）有限公司
Sanxin（Hongkong）Co.,Ltd
香港
Hong Kong, PRC
飞亚逹(香港)有限公司
Fiyta (Hongkong) Co.,Ltd
香港
Hong Kong, PRC
中国航空工业国际控股(香港)有限公司
China Aviation Industry International Holding (Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航(香港)发展有限公司
AVIC (Hongkong) Development Co.,Ltd
香港
Hong Kong, PRC
Hong Kong, PRC
中航工业投资(香港)有限公司
AVIC Investment (Hongkong)Co.,Ltd
香港
中航飞技术发展(香港)有限公司
中航飞技术发展(香港)有限公司
香港
Hong Kong, PRC
中航电子科技(香港)有限公司
AVIC Electronic Technology (Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航华为(香港)科技有限公司
AVIC Huawei(Hongkong)Technology Co.,Ltd
香港
Hong Kong, PRC
中航地产(香港)有限公司
AVIC Real Estate(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航宇(香港)有限公司
AVIC Yu (Hongkong) Co.,Ltd
香港
Hong Kong, PRC
中航技(香港)公司
AVIC Ji(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航技(香港)有限公司
Catic (Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航投资(香港)有限公司
AVIC China Investment (Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航材集团(香港)有限公司
AVIC Cai(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航国际(亚洲)资源有限公司
AVIC International(Asia)Resource Co.,Ltd
香港
Hong Kong, PRC
中航国际(香港)发展有限公司
AVIC International(Hongkong)DevelopmentCo.,Ltd
香港
Hong Kong, PRC
中航国际(香港)有限公司
AVIC International(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航国际(香港)实业有限公司
AVIC International(Hongkong)Industry Co.,Ltd
香港
Hong Kong, PRC
中航国际(香港)建设有限公司
AVIC International(Hongkong) Construction Co.,Ltd
香港
Hong Kong, PRC
中航国际(香港)租赁有限公司
AVIC International(Hongkong)Leasing Co.,Ltd
香港
Hong Kong, PRC
中航国际(香港)集团
AVIC International(Hongkong)Corporation
香港
Hong Kong, PRC
中航国际(香港)集团有限公司
AVIC International(Hongkong) Corporation
香港
Hong Kong, PRC
中航国际(香港)置业有限公司
AVIC International(Hongkong) Properties Co.,Ltd
香港
Hong Kong, PRC
中航国际(香港)贸易有限公司
AVIC International(Hongkong)TradingCo.,Ltd
香港
Hong Kong, PRC
中航国际(香港)贸易集团有限公司
AVIC International(Hongkong)Trading Corporation
香港
Hong Kong, PRC
中航国际(香港)资源有限公司
AVIC International(Hongkong) ResourceCo.,Ltd
香港
Hong Kong, PRC
中航国际实业(香港)有限公司
AVIC International Industry(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航国际物流(香港)有限公司
AVIC International Logistics (Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航国际钢铁贸易(香港)有限公司
AVIC International Steel Trading(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航国际控股（香港）有限公司
AVIC International Holding（Hongkong）Co.,Ltd
香港
Hong Kong, PRC
中航国际新能源(香港)有限公司
AVIC International Renewwable Energy(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航实业香港有限公司
AVIC Industry Hongkong Co.,Ltd
香港
Hong Kong, PRC
中航拓展(香港)有限公司
AVIC Development (Hong Kong) Co., Ltd
香港
Hong Kong, PRC
中航林业(香港)有限公司
AVIC Forestry(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航油料(香港)有限公司
AVIC Fuel(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航环宇(香港)有限公司
AVIC Universal(Hong Kong) Co., Ltd
香港
Hong Kong, PRC
中航科工香港有限公司
AVIC Industry&Technology HongkongCo.,Ltd
香港
Hong Kong, PRC
中航御铭(香港)有限公司
AVIC Umedisc (HK) Limited
香港
Hong Kong, PRC
中航船务(香港)有限公司
AVIC Shipping(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航集团(香港)有限公司
AVIC Corporation(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航集团(香港)投资有限公司
AVIC Corporation (Hongkong) InvestmentCo.,Ltd
香港
Hong Kong, PRC
中航睿智（香港）科技有限公司
AVIC Ruizhi (Hongkong)Co.,Ltd
香港
Hong Kong, PRC
中航储存易(香港)有限公司
AVIC Chucun Yi(Hongkong)Co.,Ltd
香港
Hong Kong, PRC
申康包装材料厂有限公司
Shenkang Packing Material Manufacturing Co., Ltd
香港
Hong Kong, PRC
志源实业有限公司
Zhiyuan Industry Co.,Ltd
香港
Hong Kong, PRC
香港世益公司
Hongkong Shiyi Co.,Ltd
香港
Hong Kong, PRC
香港
Hong Kong, PRC
Hong Kong, PRC
香港亚光贸易发展有限公司
HONG KONG YAGUANG TRADING DEVELOPMENT CO., LIMITED
香港航盛发展有限公司
Hongkong HangshengDevelopment Co.,Ltd
香港
香港精美特玻璃有限公司
Hongkong JMT Glass Co.,Ltd
香港
Hong Kong, PRC
振鸿贸易有限公司
Zhen Hong Trading Co.,Ltd
香港
Hong Kong, PRC
CASIL Semiconductor Ltd
香港
Hong Kong, PRC
香港
Hong Kong, PRC
香港
Hong Kong, PRC
香港
Hong Kong, PRC
香港
Hong Kong, PRC
航天科技半导体有限公司
航天科技电子制品有限公司
航天科技光电产品开发有限公司
航天科技置业有限公司
航天海南控股有限公司
CASIL Electronic Product Co.,Ltd
CASIL Optoelectronic Product Development Ltd
CASIL Properties Co.,Ltd
Aerospace Hainan Holding Co.,Ltd
普泰通信发展有限公司
Putai Telecommunication Development Co.,Ltd
香港
Hong Kong, PRC
鼎诚投资(香港)有限公司
AVIC Dingheng Investment Co., Ltd (Hong Kong)
香港
Hong Kong, PRC
德益发展(香港)有限公司
Deyi Development (HK) Co., Ltd.
香港
Hong Kong, PRC
Company
名称
地方
中航技埃及公司
AVIC Egypt Ltd
埃及
Cairo, Egypt
徐州航空压铸厂
Xuzhou Aviation Mold Manufacturing Co., Ltd
徐州
Xuzhou, Jiangsu Province, PRC
徐州贵航林得动力机械制造有限公司
Xuzhou Guihanglinde Power Machine Manufacture Co.,Ltd
徐州
Xuzhou, Jiangsu Province, PRC
山西航空发动机维修有限责任公司
Shanxi, PRC Aviation Engine Maintenance Co.,Ltd
晋城
中国航空工业第一集团公司第5716工厂
China Aviation Industry I Corporation No.5716 Manufacturing Co., Ltd.
晋城
晋城机场晋翔机械厂
Jincheng Airport Jinxiang Machine Manufacturing Co., Ltd
晋城
中国南动集团财务有限责任公司
China Nandong Corporation Finance Co.,Ltd
株洲
Zhuzhou, Hunan Province, PRC
中国航空动力机械研究所
China Aviation Powermachinery Institute
株洲
中国航空动力机械研究所生活服务公司
China Aviation Power Machinery Institute Service Co., Ltd
株洲
中国航空动力机械研究所科技开发中心
China Aviation Powermachinery Institute Technology Development Center
株洲
中国航空动力机械研究所航空宾馆
China Aviation Powermachinery Institute , Hotel
株洲
Nanfang Space Navigation Science&Technology Company Co.,
株洲
南华工业成套设备制造安装有限责任公司
Nanhua Industry Set Equipment Manufacture&Installation Co.,Ltd
株洲
株洲中航金鑫环境科技有限公司
Zhuzhou AVIC Jinxin Environment Science Co.,Ltd
株洲
株洲易力达机电有限公司
Zhuzhou Yilida Electromechanical Co.,Ltd
株洲
株洲南方航空机械进出口有限公司
Zhuzhou Nanfang Aviation Machine Import&ExportCo.,Ltd
株洲
株洲南方普惠航空发动机公司
Zhuzhou Nanfan Puhui Aviation Engine Ltd
株洲
株洲南方摩托车有限公司
Zhuzhou Nanfang Motorcycle Co.,Ltd
株洲
株洲南方摩托车制造有限公司
Zhuzhou Nanfang Motorcycle Manufacture Co.,Ltd
株洲
株洲南方燃气轮机成套制造安装有限公司
Zhuzhou Nanfang Gas Turbine Packaging And Installation Co.,Ltd
株洲
株洲航空动力机械研究所
Zhuzhou Aviation Power Machinery Institute
株洲
湖南南方航空科技有限公司
Hunan Nanfang Aviation Technology Co.,Ltd
株洲
广西省航天航空学会
Guangxi Aerospace Aviation Institute
桂林
桂林5718工厂
Guilin No.5718 Manufacturing Co., Ltd
桂林
桂林航天电子有限公司
Guilin Aerospace ElectronicCo.,Ltd
桂林
泰安航天特种车有限公司
Taian Aerospace Special Vehicle Co.,Ltd
泰安
Taizhou, Zhejiang Province, PRC
泰安
南方宇航科技股份有限公司
航天特种车研究院
Aerospace Special Vehicle Institute
Guilin, Autonomous Region
Guangxi, PRC
Guangxi, PRC
Guangxi, PRC
中航泰州船重工有限公司
AVIC Taizhou Shipbuilding Heavy Industry Limited
泰州
中航技泰国公司
AVIC Rep. Office THAILAND
泰国
Puket, Thailand
浙江中航技经贸有限公司
Zhejiang AVIC Trade Co.,Ltd
浙江
浙江东阳金牛针织制衣有限公司
Zhejiang Dongyang Jinniu Knitwear Co.,Ltd
浙江
Dongyang, Zhejiang Province, PRC
浙江省航天航空学会
Zhejiang Aerospace Aviation Institute
浙江
Hangzhou,. Zhejiang, PRC
中国航空建设发展海南公司
China Aviation Construction Development Hainan Co., Ltd
海口
Haikou, Hainan Province, PRC
海南航天投资管理有限公司
Hainan Aerospace Investment Management Co.,Ltd
海口
中航技国际经贸发展海南公司
AVIC InternationalTrad&Economic Development Hainan Co., Ltd
海南
天虹商场海沧公司
Rainbow Department Store Haicang Branch Co., Ltd
海沧
Haicang, Fujian Province, PRC
山东上发汽车零部件有限公司
Shandong, PRC Shangfa Motor Parts And Components Co.,Ltd
烟台
Yantai, Shandong Province, PRC
山东航天电子技术研究所
Shandong, PRC Aerospace Electronic Technology Institute
烟台
中航技国际经贸发展烟台公司
AVIC International Trad&Economic Development Yantai Co., Ltd
烟台
中航证券烟台营业部
AVIC Securities Yantai Department
烟台
西飞铝业（烟台）有限公司
Yantai Xifei Aluminium Industry Co., Ltd
烟台
烟台西飞铝业有限公司装饰分公司
Yantai Xifei Aluminium Industry Co.,Ltd Decoration Branch
烟台
飞亚逹和珠海斯巴克电子设备有限公司
Fiyta And Zhuhai Bake Electronic Equipment Limited
珠海
Zhuhai, Guangdong Province, PRC
中国航空技术珠海有限公司
AVIC Zhuhai Co.,Ltd
珠海
中国航空技术进出口珠海公司
China National Aero-Technology import&export Corporation, Zhuhai Branch
珠海
中航国际珠海公司
AVIC International Zhuhai Ltd
珠海
中航国际珠海斯巴克电子设备有限公司
AVIC International Zhuhai Spark Electronic Equipment Limited
珠海
中航通用飞机有限责任公司
AVIC General Aircraft Co.,Ltd
珠海
珠海凯廸克酒店
Zhuhai AVIC Hotel
珠海
中航技秘鲁公司
AVIC Peru Ltd
秘鲁
Lima, Peru
中国航空集团公司第5711厂北戴河分厂
China Aviation Corporation Ltd, No.5711 Beidaihe Branch
秦皇岛
Qinhuangdao, Hebei Province, PRC
中航技苏丹公司
AVIC Sudan Ltd
苏丹
Khartoum, Sudan
凯堡货物
CABAO Warenhandelsgesellschaft mbH
德国汉堡
Hamburg, Germany
天虹商场苏州公司
Rainbow Department Store Suzhou Branch Co., Ltd
苏州
Suzhou, Jiangsu Province,PRC
苏州长风机械有限公司
Suzhou Changfeng Co.,LtD
苏州
Suzhou, Jiangsu Province, PRC
中航三鑫太阳能光电玻璃有限公司
AVIC Sanxin Solar Energy Optoelectronic Glass Co.,Ltd
蚌埠
Bengbu, Anhui Province, PRC
中国航空集团旅业西北公司酒泉售票处
China Aviation Corporation North West Jiuquan Co. Ltd
酒泉
Jiuquan, Gansu Province, PRC
辽宁陆平机械股份有限公司
Liaoning Luping Machinery Co.,Ltd
铁岭
Tieling, Liaoning Province, PRC
高桥保税区物流园
Gaoqiao Free Trade Area
高桥
Gaoqiao, Chongqing, PRC
天虹商场常平公司
Tianhong Department Store Co., Ltd
常平
Chang Ping, Beijing, PRC
天虹商场常兴公司
Tianhong Department Store Chang Xing
常兴
Chang Xing, Beijing, PRC
中航工业常州兰翔机械总厂
Avic Changzhou Lanxiang Machinery Factory
常州
Changzhou, Jiangsu Province, PRC
常州山由帝杉防护材料制造有限公司
Changzhou Building Material Co. Ltd
常州
常州飞机制造厂
Changzhou Aerospace Manufacturing Co., Ltd
常州
常州天虹商场有限公司
Changzhou Tianhong Department StoreCo.,Ltd
常州
Company
名称
地方
常州泰德高尔夫用品有限公司
Changzhou Golf Equipment Co.,Ltd
常州
常州兰翔机械有限责任公司
Changzhou Lan Xiang machine Co.,Ltd
常州
中国航空工业供销深广公司
China Aviation Industry Supply And Marketing Shenguang Co., Ltd
深圳
Shenzhen, Guangdong Province, PRC
中国航空工业供销深广有限公司
China Aviation Industry Supply And Marketing Shenguang Co.,Ltd
深圳
中国航空工业总公司四零九库
China Aviation Industry Corporation No.409
深圳
深圳
中国航空发动机公司
China Aviation Engine Co.,Ltd
中国航空技术深圳有限公司
AVIC Shenzhen Co.,Ltd
深圳
中国航空技术进出口深圳公司
AVIC Shenzhen Co., Ltd
深圳
中国航空技术进出口深圳公司宾馆
AVIC Import & Export Shenzhen Co., Ltd, Hotel
深圳
中航三鑫特种玻璃技术股份有限公司
AVIC Sanxin Special Glass Technology Holding Co.,Ltd
深圳
中航工业深圳市南航电子工业有限公司
AVIC Shenzhen Nanhang Electronic IndustryCo.,Ltd
深圳
中航工业离退休人员管理局
AVIC Retirees Management Bureau
深圳
中航工业第5711厂
AVIC China,No.5711 Factory
深圳
中航工业第5716厂
AVIC China,No.5716 Factory
深圳
中航天逺花园公司
AVIC Tiayuen Co., Ltd
深圳
中航北苑大厦项目公司
AVIC China Beiyuan Building Project Ltd
深圳
中航江南期货经纪有限公司
AVIC Jiangnan Stock Co.,Ltd
深圳
中航江南期货经纪有限公司深圳营业部
AVIC Jiangnan Futures Co.,Ltd , Shenzhen Department
深圳
中航技国际经贸发展深圳公司
Catic InternationalTrad&Economic Development, Shenzhen Branch
深圳
中航技深圳
AVIC Shenzhen
深圳
中航技深圳工贸中心
AVIC Shenzhen Industry And Trade Center
深圳
中航国际深圳公司
AVIC International Shenzhen Co.,Ltd.
深圳
中航国际深圳有限公司
AVIC International ShenzhenCo.,Ltd
深圳
中航品牌管理(深圳)有限公司
AVIC Brand Management ( Shenzhen)Co.,Ltd
深圳
中航城格兰云天酒店
AVIC City Grand Skylight Hotel
深圳
中航重机股份有限公司
AVIC Heavy Machinery Co.,Ltd
深圳
中航商业中心项心公司
AVIC Commercial Center Project Co., Ltd
深圳
中航期货经纪有限公司
AVIC Future Co.,Ltd
深圳
中航新天地商厦(东座)项目公司
AVIC New World Development East Building Development Co., Ltd
深圳
中航新天地商厦(西座)项目公司
AVIC New World Development West Building Development Co., Ltd
深圳
中航证券深圳营业部
AVIC Securities, Shenzhen Department
深圳
中航证券证券承销与保荐分公司
AVIC Securities Services, Branch
深圳
深圳
江南期货经纪有限公司
Jiangnan Futures Co.,Ltd
亨吉利名表国际有限公司
Harmony Watch International Co.,Ltd
深圳
亨吉利供应采购公司
Harmony Purchasing And Supply Co., Ltd
深圳
亨吉利供应采购东北公司
Harmony Purchasing And Supply Northeast Branch
深圳
亨吉利供应采购华东公司
Harmony Purchasing And Supply East China Branch
深圳
亨吉利供应采购华北公司
Harmony Purchasing And Supply North China Branch
深圳
亨吉利供应采购华南公司
Harmony Purchasing And Supply South China Branch
深圳
亨吉利供应采购西北公司
Harmony Purchasing And Supply Northwest Branch
深圳
亨吉利供应采购西南公司
Harmony Purchasing And Supply SouthWest Branch
深圳
别拉斯矿山自卸车项目公司
Avic-Belaz Minging Dumping Car Project Co., Ltd
深圳
深圳
格兰云天酒店管理有限公司
Grand Skylight Hotel Management Co.,Ltd
海西中航物业管理有限公司
Haixi AVIC Property ManagementCo.,Ltd
深圳
珠海中航通用航空有限公司
Zhuhai AVIC General Aviation Co.,Ltd
深圳
航天科技通信有限公司
CASIL Conmunication Equipment Manufacturing (Shenzhen) Limited
深圳
航天数联信息技术（深圳）有限公司
Digitnexus（ Shenzhen）Co.,Ltd
深圳
航科新世纪科技发展（深圳）有限公司
Hangke New Century Technology Development（ Shenzhen）Co.,Ltd
深圳
深圳三叶精密机械股份有限公司
Shenzhen Sanye Precision Machinery Co.,Ltd
深圳
深圳上海宾馆
Shenzhen Shanghai, PRC Hotel
深圳
深圳中施机械设备有限公司
Shenzhen Zhong Shi Machinery Corporation Limited
深圳
深圳中航(香港)有限公司
Shenzhen Avic (Hongkong)Co.,Ltd
深圳
深圳中航(集团)股份有限公司
Shenzhen Avic( Corporation) Holding Co.,Ltd
深圳
深圳中航小额贷款公司
Shenzhen AVIC Micro-credit Co., Ltd
深圳
深圳中航光电子有限公司
Shenzhen AVIC Photoelectron Co.,Ltd
深圳
深圳中航华城置业发展有限公司
Shenzhen AVIC Huacheng Properties DevelopmentCo.,Ltd
深圳
深圳中航城D2地块项目公司
Shenzhen AVIC City D2 Project Co., Ltd
深圳
深圳中航城发展有限公司
Shenzhen AVIC City DevelopmentCo.,Ltd
深圳
深圳中航城格兰云天大酒店有限公司
Shenzhen AVIC City Grand Skylight Hotel Co.,Ltd
深圳
深圳中航集团股份有限公司
Shenzhen AVIC Corporation Holding Co.,Ltd
深圳
深圳中航数码显示科技有限公司
Shenzhen AVIC Digital Display Rechnology Co.,Ltd
深圳
深圳中航幕墙工程有限公司
Shenzhen AVIC Curtain Wall Co.,Ltd
深圳
深圳中航显示技术有限公司
Shenzhen AVIC Display Technology Co.,Ltd
深圳
深圳中航观澜地产发展有限公司
Shenzhen AVIC Guanlan Real Estate Development Co.,Ltd
深圳
深圳中航资源有限公司
Shenzhen AVIC Resource Co.,Ltd
深圳
Company
名称
地方
深圳天马微电子股份有限公司
Shenzhen Tianma Micro-electronics Holding Co.,Ltd
深圳
深圳天骏电子有限公司
Shenzhen Tianjun ElectronicCo.,Ltd
深圳
深圳市三鑫幕墙工程有限公司
Shenzhen Sanxin Curtain Wall Co.,Ltd
深圳
深圳市三鑫精美特玻璃有限公司
Shenzhen Sanxin JMT Glass Co.,Ltd
深圳
深圳市飞亚达(集团)股份有限公司
Shenzhen Fiyta( Corporation) Holding Co.,Ltd
深圳
深圳市飞亚达科技发展有限公司
Shenzhen Fiyta Technology DevelopmentCo.,Ltd
深圳
深圳市中航九方资产管理有限公司
Shenzhen AVIC Jiufang Asset Management Co.Ltd
深圳
深圳市中航三鑫门窗工程有限公司
ShenzhenAVIC Sanxin Door&Window Co.,Ltd
深圳
深圳市中航三鑫光伏工程有限公司
Shenzhen AVIC Sanxin photovoltaic Engine Co.,Ltd
深圳
深圳市中航天极餐饮管理有限公司
Shenzhen AVIC ChinaTianji F&BCo.,Ltd
深圳
深圳市中航比特电子有限公司
Shenzhen AVIC Bit ElectronicCo.,Ltd
深圳
深圳市中航玉文化发展有限公司
Shenzhen AVIC Jade Culture Development Co., Ltd
深圳
深圳市中航长泰投资发展有限公司
Shenzhen AVIC Changtai Investment Development Co.,Ltd
深圳
深圳市中航华城置业发展有限公司
Shenzhen AVIC Huacheng Properties DevelopmentCo.,Ltd
深圳
深圳市中航地产发展有限公司
ShenzhenAVIC Real Estate Development Co.,Ltd
深圳
深圳市中航投资发展有限公司
ShenzhenAVIC China Investment DevelopmentCo.,Ltd
深圳
深圳市中航投资管理公司
ShenzhenAVIC China Investment Management Co., Ltd
深圳
深圳市中航城格兰云天酒店
Shenzhen AVIC City Grand Skylight Hotel
深圳
深圳市中航城置业发展有限公司
Shenzhen AVIC City Properties DevelopmentCo.,Ltd
深圳
深圳市公明天虹商场有限公司
Shenzhen Gongming Tianhong Department StoreCo.,Ltd
深圳
深圳市天虹置业有限公司
Shenzhen Tianhong PropertiesCo.,Ltd
深圳
深圳市风华比特通讯技术有限公司
Shenzhen Fenghua Bit Communication Technology Co., Ltd
深圳
深圳市正章正章千洗有限公司
Shenzhen ZHENG ZHANG Dry Clean Co.,Ltd
深圳
深圳市亚光银联科技有限公司
Shenzhen Yaguang Union Technology CO.,LTD
深圳
深圳市成飞实业有限公司
Shenzhen Chengfei Industry Co.,Ltd
深圳
深圳市达美思投资有限公司
Shenzhen Dameisi Investment Co.,Ltd
深圳
深圳市宝安兴天宝实业有限公司
Shenzhen Bao-an Xingtianbao IndustryCo.,Ltd
深圳
深圳市南航电子工业有限公司
Shenzhen Nanhang Electronic IndustryCo.,Ltd
深圳
深圳市南航机载设备有限公司
Shenzhen Nanhang Airborn Equipment Co.,Ltd
深圳
深圳市航天高科投资管理有限公司
Shenzhen Aerospace Gaoke Investment Management Co.,Ltd
深圳
深圳市航盛电子股份有限公司
Shenzhen Hangsheng Electronic Co.,Ltd
深圳
深圳市航盛电路科技股份有限公司
Shenzhen HangSheng Technology Co.Ltd
深圳
深圳市航盛机电科技有限公司
Shenzhen Hangsheng Electromechanical Co.,Ltd
深圳
深圳市航盛汽车科技有限公司
Shenzhen Hangsheng Auto Technology Co.,Ltd
深圳
深圳市翔集商贸有限公司
Shenzhen Xiang Ji Trading Co.,Ltd
深圳
深圳
深圳
深圳市联宏机电设备有限公司
深圳市裕翔浩贸易有限公司
Shenzhen Lianhong Electro mechanical Equipment Co.,Ltd
Shenzhen Yuxiang Hao Trading Co.,Ltd
深圳市乐廸服饰有限公司
Shenzhen Ledi Fashion Co.,Ltd
深圳
深圳市鹏基集团有限公司
Shenzhen Pengji Holding Co., Ltd Limited
深圳
深圳志源塑料制品有限公司
Shenzhen Zhiyuan Plastic Product Co., Ltd
深圳
韩国天马公司
Skymark Airlines
韩国
Seoul, Korea
深圳保安自行车有限公司
Shenzhen Bo-An Bike Co.,Ltd
深圳
深圳南光(集团)股份有限公司
SHENZHEN NAN Guang(Group) PLC
深圳
深圳南航电子工业公司
Shenzhen Nanhang Electronic Industry Co., Ltd
深圳
深圳南航物业管理公司
Shenzhen Nanhang Property Management Co.,Ltd
深圳
深圳南航富豪城大酒店
Shenzhen Nanhang Regal City Hotel
深圳
深圳南航富豪城海鲜城
Shenzhen Nanhang Regal City Seafood City
深圳
深圳航空标准件有限公司
Shenzhen Aero
深圳
深圳深蓉工程塑料有限公司
Shenzhen Shennong Plastic Product Co.,Ltd
深圳
深圳瑞华泰薄膜科技有限公司
Shenzhen Ruihuatai PV MaterialCo.,Ltd
深圳
深圳观澜太极餐饮
Shenzhen Guanlan Taichi Food
深圳
深圳观澜太极餐饮有限公司
Shenzhen Guanlan Taichi Food Co.,Ltd
深圳
Co.,Ltd
深圳观澜格兰云天国际酒店有限公司
Grand Skylight International Hotel ,Shenzhen Guanlan
深圳
深圳贵航实业有限公司
Shenzhen Guihang Industry Co., Ltd
深圳
深南电路有限公司
ShenNan CircuitsCo.,Ltd.
深圳
深越联合投资开发有公司
Shenyue Joint Investment Co.,Ltd
深圳
黄石瑞视光电技术公司
Huangshi Raece Technology Co., Ltd
深圳
黄石瑞视光电技术股份有限公司
Huangshi Raece Technology co.,ltd
深圳
葵花公寓
Sun Flower Hotel and Residence
深圳
葵花公寓
Sun Flower Hotel and Residence
深圳
凯达隆国金融公司
Kaidalong financial Co., Ltd
深圳
凯廸克国际财务有限公司
Kaidike International Finance Limited
深圳
凯特公寓项目公司
Kate apartment Co., Ltd
深圳
凯航实业有限公司
Kai Hang Industrial Co., Ltd.
深圳
观澜格兰云天国际酒店
Grand Skylight International Hotel
深圳
Company
名称
地方
天虹商场深南公司
Tianhong mall Shennan Co., Ltd
深南
Shennan, Guangdong, PRC
中航上大金属再生科技有限公司
AVIC SHANGDA Metal Recycling Technology Co., Ltd.
清河
Qinghe, Hebei Province, PRC
中国航空工业第一集团公司第五七一一厂本部
China Aviation Industry Corporation No.5711 Manufacturing Co., Ltd
通化
Tonghua, Jilin Province, PRC
龙岗机械厂：柳河机场
Longgang Machinery Manufacturing Co., Ltd: Liuhe Airport
通化
Tonghua, Jilin Province, PRC
湖北航天电缆有限公司
Hubei Aerospace Cable Co. Ltd.
黄石
Huangshi, Hubei Province, PRC
天虹商场黄江公司
Tianhong mall Huangjiang Co., Ltd
黄江
Huang Jiang, Guangdong Province, PRC
中国航空技术厦门有限公司
China Aviation Technology Xiamen Co., Ltd.
厦门
Xiamen, Fujian Province, PRC
中国航空技术进出口厦门公司
China National Aero-Technology Import & Export Corporation Xiamen Co., Ltd
厦门
中国航空技术进出口厦门公司本部
China National Aero-Technology Import & Export Corporation Xiamen Co., Ltd
厦门
中国航空油料有限责任公司厦门分公司
China Aviation Oil Co., Ltd. Xiamen branch
厦门
中国航空港建设总公司厦门（南方）工程局
China Airport Construction Corporation of Xiamen (South) Engineering Bureau
厦门
中航(厦门)能源有限公司
AVIC (Xiamen) Energy Co. Ltd.
厦门
中航技厦门公司
AVIC Xiamen Co., Ltd
厦门
中航国际厦门公司
AVIC International Xiamen Co., Ltd
厦门
中航证券厦门营业部
AVIC Securities business department of Xiamen
厦门
西安飞机工业装饰装修工程股份有限公司福建分公司
Xi'an, PRC Aircraft Industry Decoration Engineering Limited by Share, Fujian
branch
厦门
泰兴中航海洋工程船舶有限公司
Taixing Zhonghang ship ocean engineering Co. Ltd.
厦门
泰州中航船舶重工有限公司
AVIC Taizhou Shipbuilding Heavy Industry Co., Ltd.
厦门
厦门中航技房产服务有限公司
Xiamen AVIC Real Estate Services Ltd.
厦门
厦门中航物业管理公司
Xiamen Zhonghang Property Management Co., Ltd
厦门
厦门中航物业管理有限公司
AVIC Xiamen Property Management Ltd.
厦门
厦门天马微电子有限公司
Xiamen Tianma Microelectronics Co., Ltd.
厦门
厦门君尚世纪投资有限公司
Xiamen Junshang Century Investment Co. Ltd.
厦门
厦门城市公司
厦门航信石业有限公司
Xiamen City Co., Ltd
Xiamen Stone Industry Co., Ltd
厦门
厦门
厦门富铭九天湖置业有限公司
Xiamen fuming Jiu Tianhu Properties Limited
厦门
厦门富铭杏博置业有限公司
Xiamen Fu Ming Xing Bo Ltd.
厦门
厦门富铭置业有限公司
Xiamen Fu Ming Investment Co., Ltd
厦门
厦门紫金中航置业有限公司
Xiamen Zijin AVIC Investment Co. Ltd.
厦门
厦门裕达置业有限公司
Xiamen Yuda Co. Ltd.
厦门
惠东中航城一期公司
AVIC Huidong City Phase 1 Development Co., Ltd
惠东
Huidong, Guangdong Province, PRC
惠东中航城二期公司
AVIC Huidong City Phase 2 Development Co., Ltd
惠东
惠东县康宏发展有限公司
Kang Hong Huidong County Development Co., Ltd
惠东
三鑫（惠州）幕墙产品有限公司
Three Xin (Huizhou) curtain wall products Co. Ltd.
惠州
Huizhou, Guangdong Province, PRC
广东中航特种玻璃技术有限公司
AVIC Glass
惠州
天虹商场惠州公司
Tianhong Huizhou Co., Ltd
惠州
志源实业有限公司电池厂
Chee Yuen Industry Co., Ltd.--Battery Factory
惠州
志源塑料制品（惠州）有限公司
Cheeyuen Industry Co.,Ltd
惠州
志顺电业有限公司
Chi Shun Electric Co., Ltd.
惠州
航天科技（惠州）工业园发展有限公司
Aerospace Science and Technology (Huizhou) Industrial Park Development Co.,
惠州
Ltd.
康惠（惠州）半导体有限公司
Conhui(huizhou) Semiconductor Co.,Ltd
惠州
惠州市中航工业地产投资发展有限公司
Huizhou AVIC Industrial Real Estate Investment Development Co., Ltd
惠州
惠州志发五金制品塑料电镀有限公司
Huizhou AVIC Industrial Real Estate Investment Development Co., Ltd.
惠州
惠州志顺电子实业有限公司
Huizhou Zhishun Electronic Industrial Co., Ltd.
惠州
惠州卓越紧固系统有限公司
Zhuoyue Fastening Technology Limited
惠州
天虹商场惠阳公司
Tianhong Huiyang Co., Ltd
惠阳
Huiyang, Guangdong Province, PRC
中国航空集团旅业西北公司敦煌售票处
China Aviation Group Tourist Industry North West Co
敦煌
Dunhuang, Gansu Province, PRC
中航技斐济公司
AVIC Fiji Ltd.
斐济
Sova, Fiji
中航技斯里兰卡公司
AVIC Sri Lanka Co., Ltd
斯里兰卡
Colombo, Sri Lanka
中航国际酒店(斯里兰卡)有限公司
AVIC International Hotel (Sri Lanka) Limited
斯里兰卡
Colombo, Sri Lanka
中国直升机设计研究所
China Helicopter Research Institute
景德镇
Jingdezhen, Jiangxi Province, PRC
中国航空工业第二集团公司直升机设计研究所
Helicopter Reserach Design Institute of China Aviation Industry Corporation
景德镇
中国航空科技工业股份有限公司景德镇直升机
AVIC Hina Industry & Technology Co., Ltd Limited Jingdezhen Helicopter
Branch
景德镇
中航航空电子设备股份有限公司
AVIC Avionics equipment Limited by Share Ltd
景德镇
中航证券景德镇营业部
AVIC Securities, business department of Jingdezhen
景德镇
昌河飞机工业（集团）有限责任公司
Changhe aircraft industry (Group) Co., Ltd.
景德镇
昌河汽车股份有限公司
Changhe Automobile Limited by Share Ltd
景德镇
昌河阿古斯特
Changhe Agusto Automobile Co., Ltd
景德镇
景德镇昌飞实业有限公司
Jingdezhen Chang Fei Industrial Co., Ltd.
景德镇
景德镇航空锻铸公司
Jingdezhen aviation forging and Casting Co.
景德镇
中航技智利公司
AVIC Chilean Co., Ltd
智利
Santiago, Chile
烟台西飞铝业有限公司温州分公司
Yantai Xifei Aluminium Industry Co., Ltd. Wenzhou branch
温州
Wenzhou, Zhejiang Province, PRC
湖北中航冶钢特种钢销售有限公司
AVIC Hubei Steel Special Steel Sales Co., Ltd.
湖北
天虹商场湖州公司
Tianhong mall Huzhou Co., Ltd
湖州
Huzhou, Zheijang Province, PRC
湖州天虹百货有限公司
Huzhou Department Store Co., Ltd
湖州
Huzhou, Zhejiang Province, PRC
Company
名称
地方
中航工业湖南航空工业局
Jingdezhen aviation forging and Casting Co.
湖南
Jingdezhen, Hunan Province, PRC
中航技国际经贸发展湖南公司
AVIC International economic and Trade Development Co., Ltd , Hunan
湖南
中航城市花园
AVIC City Garden
湖南
中航湖南通用航空发动机有限公司
AVIC Hunan General Aviation Engine Co., Ltd.
湖南
湖南中航物业管理服务有限公司
Hunan Zhonghang Property Management Services Limited
湖南
Zhonghang, Hunan Province, PRC
湖南中航路通沥青有限公司
Hunan Zhonghang road asphalt Co. Ltd.
湖南
湖南航空物资有限公司
Hunan aviation supplies Co., Ltd.
湖南
中国航空工业第六0五研究所建筑安装公司
China Aviation Industry NO. 605 Research Institute of construction and
installation Co., Ltd.
荆门
Jingmen, Hubei Province, PRC
宏图飞机制造厂
Future aircraft manufacturing Manufacturing Co., Ltd
荆门
湖北航特液压制动有限公司
Hubei Hangte hydraulic Engineering Co., Ltd.
荆门
湖北荆门航特有色金属铸造有限公司
Hubei Jingmen Hangte nonferrous metal casting Co., Ltd.
荆门
中航证券萍乡营业部
AVIC Securities business department of Pingxiang
萍乡
Pingxiang, Jiangxi Province, PRC
川江仪器厂
Chuanjiang Instrument Manufacturing Co., Ltd
雅安
Ya'an, Sichuan Province, PRC
川西机器厂
Chuanxi Machinery Manufacturing Co., Ltd
雅安
四川泛华航空仪表电器有限公司
Sichuan, PRC Fanhua Aviation Instrument Electrical Appliance Co., Ltd.
雅安
四川航空工业川西机器有限责任公司
Sichuan, PRC Chuanxi Machinery Co., Ltd.
雅安
四川雅安倍特星月宾馆有限公司
Sichuan, PRC Ya'an Beite Xingyue Hotel Co. Ltd.
雅安
四川雅安温泉旅游开发股份有限公司
Sichuan, PRC Ya'an hot spring tourism development Limited by Share Ltd
雅安
雅安泛华科技开发有限责任公司
Ya'an China Science and Technology Development Co., Ltd.
雅安
雅安楠水阁温泉度假会议中心
Ya'an nanshuige "hot spring resort and Convention Center
雅安
中航技国际经贸发展黑龙江公司
AVIC International Economic and Trade Development Co., Ltd ,Heilongjiang
Branch
黑龙江
Heihe, Heilongjiang Province, PRC
黑河民机技贸中心
Heihe civil aviation technology and Trade Center
黑河
Heihe, Heilongjiang Province, PRC
三鑫幕墙工程（新加坡）有限公司
San Xin glass curtain wall engineering Co. Ltd. (Singapore)
新加坡
Singapore
中航技新加坡公司
AVIC Singapore Co., Ltd
新加坡
Singapore
中航证券新余营业部
AVIC Securities Co.,Ltd of Xinyu
新余
Xinyu, Jiangxi Province, PRC
天虹商场新奥公司
Tianhong Xin'ao Co., Ltd
新奥
Xinau, Jiangxi Province, PRC
中航技国际经贸发展新疆公司
AVIC International economic and Trade Development Co., Ltd , Xinjiang
Branch
新疆
新疆中航投资有限公司
Xinjiang AVIC Investment Co., Ltd.
新疆
新疆中航物业服务有限公司
AVICXinjiang Property Services Co. Ltd.
新疆
新疆中航翡翠城项目一期公司
Xinjiang Zhonghang Feicui City Phase 1 Co., Ltd
新疆
新疆中航翡翠城项目二期公司
Xinjiang Zhonghang Feicui CityPhase 2 Co., Ltd
新疆
新疆中航翡翠城项目三期公司
Xinjiang Zhonghang Feicui City Phase 3 Co., Ltd
新疆
乌鲁木齐天元高科制动设备有限公司
Urumqi Tianyuan Gaoke Brake Equipment Co., Ltd.
新疆
平原机械厂
Pingyuan Machinery Manufacturing Co., Ltd
新乡
Xinxiang, Henan Province, PRC
河南新飞电器（集团）股份有限公司
Henan Frestech electrical appliance (Group) Co., Ltd
新乡
新航机械公司
SIA machinery Co., Ltd
新乡
新乡航空工业（集团）有限公司
Xinxiang Aviation Industry Group Co., Ltd.
新乡
豫新机械厂
Yuxin Machinery Manufacturing Co., Ltd
新乡
天虹商场嘉兴公司
Tianhong mall Jiaxing Co., Ltd
嘉兴
Jiaxing, Zhejiang Province, PRC
天虹商场福民公司
Tianhong mall Fumin Co., Ltd
福民
Fumin, Zhejiang Province, PRC
中国电子进出口福建公司
China National Electronics Imp. & Exp. Fujian Co.
福州
Fuzhou, Henan Province, PRC
中国航空港建设总公司福州工程局
China Airport Construction Corporation of Fuzhou Construction Bureau
福州
天虹商场福州公司
Tianhong mall Fuzhou Co., Ltd
福州
福州中航技物业管理有限公司
AVICFuzhou Property Management Co., Ltd.
福州
中国航空技术进出口福建公司
China aviation technology import and export Co., Ltd,Fujian
福建
中航国际贸易(福建)有限公司
AVIC International Trading (Fujian) Co., Ltd.
福建
福建中航技投资管理有限公司
Fujian AVIC Capital Ltd
福建
福建中航技经贸发展有限公司
AVIC Fujian Co.,Ltd.
福建
福建省航天航空学会
Fujian Aerospace Institute
福建
中航技德国贸易开发有限公司
AVIC German Trade Development Co., Ltd.
德国
Cologne, Germany
天虹商场横岗公司
Tianhong Henggang Co., Ltd
横岗
Henggang, Gaungdong Province, PRC
海南中航特玻材料有限公司
AVIC Hainan special glass material Co., Ltd.
澄迈
Chengmai, Hainan Province, PRC
中航证券鞍山营业部
AVIC Securities business department of Anshan
鞍山
Anshan, Liaoning Province, PRC
Ascendant Renewable Energy Corporation
Ascendant Renewable Energy Corporation
澳洲
Sydney, Australia
AVIC Energy Pty Ltd. (Australia)
AVIC Energy Pty Ltd. (Australia)
澳洲
Perth, Australia
AVIC Intl Renewable Energy Pty Ltd.
AVIC Intl Renewable Energy Pty Ltd.
澳洲
Sydney, Australia
Catic Investments Inc
Catic Investments Inc
澳洲
Sydney, Australia
CATIC Oceania Pty Ltd.
CATIC Oceania Pty Ltd.
澳洲
Melbourne, Australia
中航技澳大利亚公司
AVIC Australia Pty Ltd
澳洲
Sydney, Australia
中航国际新能源澳大利亚公司
AVIC International new energy, Australia Branch
澳洲
Melbourne, Australia
衡阳中航电镀中心有限公司
Hengyang Zhonghang electroplating Center Co. Ltd.
衡阳
Hengyang, Guangdong Province, PRC
衡阳深圳工业园开发建设有限公司
Hengyang Shenzhen Industrial Park Development and Construction Co., Ltd.
衡阳
衡阳深圳工业园投资建设有限公司
Hengyang Shenzhen Industrial Park Construction Investment Co. Ltd.
衡阳
贵州五七0 七航空发动机修理厂
Guizhou No.5707 aircraft engine repair plant
遵义
Zunyi, Guizhou Province, PRC
贵州天义电器有限责任公司
Guizhou Tianyi Electrical Appliances Co., Ltd.
遵义
Zunyi, Guizhou Province, PRC
Xinjiang, Autonomous
der Uiguren, PRC
der Uiguren, PRC
der Uiguren, PRC
der Uiguren, PRC
der Uiguren, PRC
der Uiguren, PRC
der Uiguren, PRC
Region
Region
Region
Region
Region
Region
Region
Company
名称
地方
都匀贵航东方机床有限公司
Tuyun guihangdongfang Machine Tool Co., Ltd.
黔南州
Qiannan, Guizhou Province, PRC
天虹商场默林公司
Tianhong mall Merlin Co., Ltd
默林
Tianhong, Guangdong Province, PRC
中国航空救生研究所
China Aviation lifesaving Research Institute
襄阳
Yangyang, Heilongjiang Province, PRC
襄阳宏航实业有限公司
Xiangyang honghang Industrial Co., Ltd.
襄阳
襄阳宏伟航空器有限责任公司
Xiangyang Hongwei aircraft Co., Ltd.
襄阳
襄阳航生石化环保设备有限公司
Xiangyang Hangsheng Petrochemical Environmental Protection Equipment Co.,
Ltd.
襄阳
中国航空附件研究所
China aviation accessories research institute
襄樊
Xiangfan, Hubei Province, PRC
谷城5713工厂
Gucheng NO. 5713 Manufacturing Co., Ltd
襄樊
航宇救生装备有限公司
Hangyu lifesaving equipment Co., Ltd.
襄樊
航空工业襄樊医院
Aviation Xiangfan hospital
襄樊
航空救生装备研究所
Research Institute of aviation lifesaving equipment
襄樊
湖北中航精机科技股份有限公司
Hubei Aviation Precision Machinery Polytron Technologies Inc
襄樊
湖北航天化学技术研究所
Hubei Aerospace Research Institute of Chemical Technology
襄樊
湖北航宇嘉泰飞机设备有限公司
Hubei Hangyu Jiatai aircraft equipment Co. Ltd.
襄樊
临沂中航汇通有限公司
AVIC Linyi Huitong Co., Ltd Limited
临沂
Linyi, Shandong Province, PRC
中航技乌干达公司
AVIC Uganda Co., Ltd
乌干达
Kampala, Uganda
中国航空工业供销西北有限公司
China Aviation Industry Supply northwest Co. Ltd.
兰州
Lanzhou, Gansu Province, PRC
中航兰飞
Zhonghang Lan Fei
兰州
中航证券兰州营业部
AVIC Securities business department of Lanzhou
兰州
甘肃沈飞机房电子设备有限公司
Gansu Shen aircraft real electronic equipment Co. Ltd.
兰州
苏州万里航空机电有限责任公司
AVIC Suzhou Wanli Aviation Electromechanic Inc
兰州
苏州飞行控制有限责任公司
Suzhou Flight Control Co., Ltd.
兰州
兰州万里航空机电有限责任公司
AVIC Lanzhou Wanli Aviation Electromechanic Inc
兰州
兰州飞控仪器总厂
Lanzhou Feikong Instrument Manufacturing Co., Ltd
兰州
兰州空间机电研究所
Lanzhou space Electromechanical Research Institute
兰州
天虹商场创业公司
Tianhong Venture Co., Ltd
创业
中航国际航运设计(卢森堡)有限公司
AVIC International shipping design (Luxemburg) Co. Ltd.
卢森堡
Luxembourg, Luxembourg
扬州格兰云天酒店
Yangzhou Gelan Yuntian Hotel
扬州
Yangzhou, Jiangsu Province, PRC
天虹商场汇腾公司
Tianhong Huiteng Co., Ltd
汇腾
火工技术研究所
Studio of pyrotechnic technology
泸州
Luzhou, Sichuan Province, PRC
盐城航悦电子有限公司
Yancheng Hangyue Electronic Co., Ltd.
盐城
Yancheng, Jiangsu Province, PrC
天虹商场红谷公司
Tianhong Hongu mall
红谷
绍兴市天虹百货有限公司
Shaoxing Tianhong Department Store Co., Ltd.
绍兴
Shaoxing, Zhejiang Province, PRC
中国航空燃气涡轮研究所江油科技开发总公司
China Aviation Gas Turbine Research Institute of Jiangyou science and
Technology Development Corporation
绵阳
Mianyang, Sichuan Province, PRC
中国燃气涡轮研究院新都卫生所
Xindu China Gas Turbine Research Institute
绵阳
中国燃气涡轮研究院新都职工医院
Xindu staff hospital of China of Gas Turbine Research Institute
绵阳
绵阳倍特建设开发有限公司
Mianyang Hi-tech Development Co. Ltd.
绵阳
中航技缅甸公司
AVIC Burma Co., Ltd
缅甸
Naypidaw, Myanmar
天虹商场萧山公司
Tianhong Xiaoshan Co., Ltd
萧山
Xiaoshan, Zhejiang Province, PRC
天虹商场观澜公司
Tianhong Guanlan Co., Ltd
观澜
诸城航盛电子有限公司
Zhucheng Hangsheng Electronics Co., Ltd.
诸城
Zhucheng, Shandong Province, PRC
中国贵州航空工业(集团)有限责任公司
China Guizhou aviation industry (Group) Co., Ltd.
贵州
Guizhou Province, PRC
中航工业贵州5707航空发动机修理厂
AVIC Guizhou No.5707 Aircraft Engine Repair Co Ltd
贵州
中航工业贵州力源液压股份有限公司
AVIC Guizhou Liyuan Hydraulic Limited by Share Ltd
贵州
中航工业贵州云马飞机制造厂
AVIC Guizhou Yunma aircraft manufacturer
贵州
中航工业贵州双阳飞机制造厂
AVIC Guizhou Shuangyang aircraft Manufacturing Co., Ltd
贵州
中航工业贵州天义电器有限责任公司
AVIC Guizhou Tianyi Electric Appliance Co., Ltd.
贵州
中航工业贵州风雷航空军械有限责任公司
AVIC Guizhou Fenglei aviation ordnance Co Ltd
贵州
中航工业贵州平水机械有限责任公司
AVIC Guizhou Pingshui Machinery Co., Ltd.
贵州
中航工业贵州永红航空机械有限责任公司
AVIC Guizhou Yonghong Aviation Machinery Co., Ltd.
贵州
中航工业贵州华阳电工有限公司
AVIC Guizhou Huayang Electrical Co., Ltd
贵州
中航工业贵州华烽电器有限公司
AVIC Guizhou Huafeng Electric Appliance Co., Ltd
贵州
中航工业贵州安大航空锻造有限责任公司
AVIC Guizhou aviation Forging Co., Ltd.
贵州
中航工业贵州安吉航空精密铸造有限责任公司
AVIC Guizhou Anji Aviation Precision Casting Co., Ltd.
贵州
中航工业贵州西南工具（集团）有限责任公司
AVIC Guizhou southwest tool (Group) Co., Ltd.
贵州
中航工业贵州金江航空液压有限责任公司
AVIC Guizhou aviation Jin Jiang Hydraulic Co., Ltd.
贵州
中航工业贵州凌云航空物资供销公司
AVIC Guizhou Lingyun air material supply and marketing Co., Ltd
贵州
中航工业贵州航空标准件有限公司
AVIC Guizhou Aviation Standard Parts Co., Ltd.
贵州
中航工业贵州盖克航空机电有限公司
AVIC Guizhou GaiKe Aerospace electromechanical Co., Ltd.
贵州
中航工业贵州通用飞机有限责任公司
AVIC Guizhou general aircraft Co., Ltd.
贵州
中航工业贵州黎阳航空发动机公司
AVIC Guizhou Liyang aero engine Co., Ltd
贵州
中航工业贵州黔江机械厂
AVIC Guizhou Qianjiang Machinery Manufacturing Co., Ltd
贵州
中航工业贵州枫阳液压有限责任公司
AVIC Guizhou Fengyang Hydraulic Co., Ltd.
贵州
中航工业贵州红阳机械（集团）公司
AVIC Guizhou Hongyang Machinery (Group) Co., Ltd
贵州
中航工业贵州红林机械有限公司
AVIC Guizhou Honglin Machinery Co., Ltd.
贵州
名称
Company
地方
中航工业贵州贵航飞机设计研究所
AVIC Guizhou research and Design Institute of aircraft
贵州
中航工业贵州贵航汽车零部件股份有限公司
AVIC Guizhou Guihang auto parts Limited by Share
贵州
中航工业贵州资产经营管理有限公司
AVIC Guizhou Asset Management Co., Ltd.
贵州
中航工业贵阳万江航空机电有限公司
AVIC Guiyang Wanjiang Aviation Electromerchanical Co.,Ltd
贵州
中航工业贵阳航空电机有限公司
AVIC Guiyang aviation Motor Co Ltd
贵州
中航工业贵航300医院
AVIC Aviation No.300 hospital
贵州
贵州
贵州
中航工业贵航高级技工学校
AVIC Guihang senior technical school
贵州
中航工业贵航职工大学
AVIC Aviation workers University
贵州
中航工业轻型燃气轮机开发中心
China aviation industry gas turbine development center
贵州
中航技国际经贸发展贵州公司
AVIC International economic and Trade Development Co., Ltd, Guizhou Branch 贵州
贵州中铁航物流有限公司
Guizhou China Railway Logistics Co. Ltd.
贵州
贵州六枝安家寨煤业有限公司
Guizhou branch of coal industry
贵州
贵州西南中航工业商贸有限公司
Guizhou Southwest China Aviation Industry Trade Co., Ltd.
贵州
贵州织金马家田煤业有限公司
Guizhou Zhijin Majiatian Coal Co. Ltd.
贵州
贵州普定肖家湾煤业有限公司
Xiao Guizhou Xiaojiawan Coal Industry Co., Ltd.
贵州
贵州黔和物流有限公司
Guizhou Qian and Logistics Co. Ltd.
贵州
贵州凯阳航空发动机有限责任公司
Guizhou Kaiyang Aero-Engine Co.,Ltd
贵州
中航力源液压股份有限公司
AVIC Liyuan Hydraulic Limited by Share
贵阳
Guiyang, Guizhou Province, PRC
中航国际煤炭物流有限公司
AVIC International Logistics Co. Ltd.
贵阳
华能贵诚信托有限公司
Huaneng guineng trust Co. Ltd.
贵阳
成都飞机工业公司机电产品总公司贵州分公司
Chengdu Aircraft Industrial Corporation , Branch of mechanical and electrical
products
贵阳
沈阳飞机制造公司铝合金结构工程公司贵州项目部
Shenyang aircraft aluminum alloy engineering Co., Ltd
贵阳
贵州中航信息传媒有限公司
Guizhou AVIC Information media Co. Ltd.
贵阳
贵州四扬汽车销售服务有限公司
Guizhou Siyang Auto Sales Services Limited
贵阳
贵州永红航空机械有限责任公司
Guizhou Yonghong Aviation Machinery Co., Ltd.
贵阳
贵州华阳电工有限公司
Guizhou Huayang Electrical Co., Ltd.
贵阳
贵州华阳宏达电器有限公司
Guizhou Huayang HTC Electronics Co. Ltd.
贵阳
贵州华阳精工机电有限公司
Guizhou Huayang Jinggong Co., Ltd.
贵阳
贵州华昌汽车电器有限公司
Guizhou Huachang automobile electric appliances Co., Ltd.
贵阳
贵州西工实业有限责任公司
Guizhou Xigong Industrial Co., Ltd.
贵阳
贵州西南工具（集团）有限公司
Guizhou southwest tool (Group) Co. Ltd.
贵阳
贵州金江航空液压有限责任公司
Guizhou Jin Jiang Hydraulic Co., Ltd.
贵阳
贵州省华创证券经纪公司
Guizhou Huachuang securities Broker's Firm
贵阳
贵州省航天航空学会
Guizhou Aerospace Institute
贵阳
贵州航空工业集团
Guizhou aviation industry group.
贵阳
贵州盖克机电公司
Guizhou GaiKe electromechanical Co., Ltd
贵阳
贵州盖克投资公司
Guizhou GaiKe investment Co., Ltd
贵阳
贵州盖克实业公司
Guizhou GaiKe Industrial Co., Ltd
贵阳
贵州盖克新型机有限责任公司
Guizhou GaiKe model machine Co., Ltd.
贵阳
贵州橡六申一橡胶有限责任公司
Guizhou XiangLiu Shenyi Rubber Co. Ltd.
贵阳
贵州红阳机械（集团）公司
Guizhou Hongyang Machinery (Group) Co., Ltd
贵阳
贵州红林机械有限公司
Guizhou Honglin Machinery Co., Ltd.
贵阳
贵州贵航汽车零部件销售有限公司
Guizhou Guihang Auto Parts Sales Co., Ltd.
贵阳
贵州贵航能发装备制造有限公司
Guizhou Guihang Energy Equipment Manufacturing Co Ltd
贵阳
贵州贵航输送带有限公司
Guizhou Guihang conveyor belt Co. Ltd.
贵阳
贵州贵航进出口公司
Guizhou Guihang Import & Export Co., Ltd
贵阳
贵阳万江航空机电有限公司
AVIC Guiyang Wanjiang Aviation Electricalmechanical Co., Ltd.
贵阳
贵阳华科电镀有限公司
Guiyang Huake electroplating Co., Ltd.
贵阳
贵阳航空
电机有限
公司
Guiyang Aviation Electrical Machinery Co.,Ltd
贵阳
贵阳磊庄机场
Lei Zhuang Guiyang Airport
贵阳
贵阳黔江机械厂
Guiyang Qianjiang Machinery Manufacturing Co., Ltd
贵阳
贵航300 医院
AVIC NO.300 Hospital in Guiyang
贵阳
贵航高级技工学校
Guihang senior technical school
贵阳
中航国际(赞比亚)有限公司
AVIC International (Zambia) Co., Ltd.
赞比亚
Lusaka, Zambia
中航证券赣州营业部
AVIC Securities business department of Ganzhou
赣州
天虹商场赣州公司
Tianhong Ganzhou Co., Ltd
赣州
赣州中航房地产发展有限公司
Ganzhou AVIC Real Estate Development Co., Ltd.
赣州
赣州中航城A地块项目K10 公司
AVIC Ganzhou city , Project of Land Site A Programm K10 Co., Ltd
赣州
Co., Ltd
赣州
赣州
赣州中航城A地块项目公司
AVIC Ganzhou city , Project of Land Site A Co., Ltd
赣州
赣州中航城B地块公司
AVIC Ganzhou city , Project of Land Site B Co., Ltd
赣州
赣州中航置业有限公司
Ganzhou AVIC Real Estate Co. Ltd.
赣州
Company
名称
地方
赣州市中航稀有金属矿产有限责任公司
Ganzhou Zhonghang Rare Metal Minerals Co., Ltd.
赣州
赣州市天虹百货实业有限公司
Ganzhou City Department Store Co. Ltd
赣州
赣州格云天国际酒店有限公司
Ganzhou Yuntian international Hotel Plaza Limited
赣州
中国民用航空中南地区空管局河南分局
Henan branch of China Civil Aviation , Middle South Area
郑州
Zhengzhou, Henani Province, PRC
中航工业郑州飞机装备有限责任公司
AVIC Zhengzhou aircraft equipment Co., Ltd.
郑州
中航工直升机有限责任公司
China Aviation Industry helicopter Co., Ltd.
郑州
中航江南期货经纪有限公司郑州营业部
AVIC Jiangnan Stock brokerage Co., Ltd., Zhengzhou Sales Department
郑州
中航证券郑州营业部
AVIC Securities business department of Zhengzhou
郑州
成都飞机工业公司机电产品总公司郑州分公司
Chengdu Aircraft Industrial Zhengzhou Co., Ltd, branch
electrical products
郑州
河南省航天航空学会
Henan Aerospace Institute
郑州
郑州飞机
装备有限
责任公司
Zhengzhou aircraft equipment Co., Ltd.
郑州
郑州飞机设备公司
Zhengzhou aircraft equipment Co., Ltd
郑州
郑州航天电子技术有限公司
Zhengzhou Aerospace Electronic Technology Co., Ltd.
郑州
郑州郑飞投资控股有限公司
Zhengzhou Zhengfei Holdings Ltd
郑州
中航国际新能源韩国公司
AVIC International new energy Korea
韩国
Seoul, South Korea
西安飞机工业装饰装修工程股份有限公司驻马店分公司
Xi'an, PRC Aircraft Industry Decoration Engineering Limited by Share,
Zhumadian branch
驻马
鹤壁达威通信设备有限公司
Hebi Dawei communication equipment Co., Ltd.
鹤壁
Dawei, Hebi Province, PRC
鹤壁航盛汽车电子科技有限公司
Hebi Hangsheng Electronics Technology Co., Ltd.
鹤壁
Dawei, Hebi Province, PRC
中航证券鹰潭营业部
AVIC Yingtan Securities business department
鹰潭
Yingtan, Jiangxi Province, PRC
中航國際控股股份有限公司
AVIC International Holdings Limited
深圳
Hong Kong, PRC
中國航空工業國際控股（香港）有限公司
AVIC International Holding (HK) Limited
香港
Hong Kong, PRC
萬榮實業有限公司
Max Glory Industries Ltd
香港
Hong Kong, PRC
凱航實業有限公司
KaiHang Industrial Ltd
BVI
Tortola, BVI
中國航空工業集團有限公司
Aviation Industry Corporation of China
北京
Beijing, PRC
of mechanical and
Schedule 2 to the Takeover Offer for the acquisition of shares in KHD Humboldt Wedag International AG
SCHEDULE 2(b)
Persons Acting in Concert with Europe Project Management, Europe Technology and
Europe Engineering
Name
Registered office/Domicile
Bright Horizon Global Limited
Road Town, British Virgin Islands
Maystar Capital Limited
Westley Global Group Limited
Yap Lian Seng
Singapore
SCHEDULE 4
Group structure of KHD
S
Schedule 4 to the Ta
akeover Offer for th
he acquisition of sha
ares in KHD Humbo
oldt Wedag Internattional AG
Schedule 4 – Page
e2
SCHEDULE 5
Name of company
Registered office
KHD Humboldt Wedag GmbH
Cologne, Germany
Humboldt Wedag GmbH
Cologne, Germany
ZAB Zementanlagenbau GmbH Dessau
Dessau, Germany
Blake International Ltd.
KHD Humboldt Wedag Industrial Services AG
Cologne, Germany
EKOF Flotation GmbH
Bochum, Germany
Humboldt Wedag Australia Pty Ltd.
Breaside, Australia
Humboldt Wedag Inc.
Norcross, USA
Humboldt Wedag India Private Ltd.
New Delhi, India
KHD Humboldt Wedag Machinery Equipment
(Beijing) Co. Ltd.
Beijing, China
KHD Humboldt Engineering OOO
Moscow, Russia
Humoldt Wedag Malaysia Sdn. Bhd.
Humboldt Wedag Do Brasil Servicos Technicos
Ltda.
Belo Horizonte, Brasil
KHD Engineering Holding GmbH
Vienna, Austria
Schedule 5 –Page 2
SCHEDULE 6
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna
Austria
To:
10 Collyer Quay# 27-00
Singapore (049315)
Singapore (049315)
Singapore (049315)
Singapore (049315)
Vienna, 8 November 2013
Voluntary public takeover offer of AVIC International Engineering Holdings Pte. Ltd.
with registered office in Singapore, Europe Project Management Pte. Ltd. with registered
office in Singapore, Europe Technology Investment Pte. Ltd. with registered office in
Singapore and Europe Engineering Holdings Pte. Ltd. with registered office in Singapore
for all ordinary bearer shares of KHD Humboldt Wedag International AG, Cologne, Germany, against payment of a purchase price amounting to EUR 6.45 per ordinary bearer
share.
Confirmation pursuant to Section 13, para. 1, sentence 2 of the German Securities Acquisition and Takeover Act (WpÜG).
Ladies and Gentlemen,
We, Raiffeisen Bank International AG, with seat in Vienna, Austria, are a securities firm which is
independent of AVIC International Engineering Holdings Pte. Ltd., Europe Project Management Pte.
Ltd., Europe Technology Investment Pte. Ltd. and Europe Engineering Holdings Pte. Ltd. within the
meaning of Section 13, para. 1, sentence 2 WpÜG.
We confirm that AVIC International Engineering Holdings Pte. Ltd. with registered office in Singapore, Europe Project Management Pte. Ltd. with registered office in Singapore, Europe Technology
Investment Pte. Ltd. with registered office in Singapore and Europe Engineering Holdings Pte. Ltd.
with registered office in Singapore have taken the necessary measures to ensure that they have
the required means available in order to fulfil the aforementioned voluntary public takeover offer
when the claim to payment of money becomes due.
We agree to reproduce this letter in the offer document for the aforementioned voluntary public
takeover offer, pursuant to Section 11, para. 2, sentence 3, no. 4 WpÜG.
Yours sincerely,
[signatures]______ _________
Raiffeisen Bank International AG
SCHEDULE 7
Defined Terms
Acceptance Period
The period for acceptance of the Takeover Offer
ACRA
Accounting and Corporate Regulatory Authority in Singapore
Additional Acceptance Period
Additional acceptance period for this Offer, as described in Section 4.5
AktG
German Stock Corporation Act (Aktiengesetz)
Authorised Capital
The authorised capital of KHD, as described in Section 6.1
AVIC
Aviation Industry Corporation of China, a company incorporated under
the law of the PRC, with its registered office at AVIC Building, no. 128
Jianguo Road, Choayang District, Beijing, PRC, registered in Beijing,
PRC, under registration number 100000000041923
AVIC Beijing
AVIC International Beijing Co. Ltd, a company incorporated under the
law of the PRC, with its registered office at No. 6 Building, No. 16
Hongda North Road, Beijing Economic and Technological Development
Zone, Beijing, PRC, registered in Beijing, PRC, under registration
number 110000005004804
AVIC Engineering
AVIC International Engineering Holdings Pte. Ltd. with registered office in Singapore, 10 Collyer Quay # 27-00, Ocean Financial Centre,
Singapore (049315), registered with ACRA in Singapore under registration number 201311037D
AVIC Group
AVIC together with its direct and indirect subsidiaries
AVIC Holding
AVIC International Holding Corporation, a company incorporated under the law of the PRC, with its registered office at CATIC Building, No.
18 Beichendong Road, Chaoyang District, Beijing, PRC, registered in
Shenzhen, PRC, under registration number 100000000000991(4-1)
AVIC International
AVIC International Holdings Limited, a company incorporated under
the law of the PRC, with its registered office at 25/F, Hangdu Building,
CATIC Zone, Shennan Road Central, Futian District, Shenzhen, PRC,
registered
in
Shenzhen,
PRC,
under
registration
number
440301102761041
AVIC Shenzhen
AVIC International Shenzhen Company Limited, a company incorporated under the law of the PRC with its registered office at 24/F Hangdu Building, CATIC Zone, Shennan Road Central, Shenzhen, PRC, registered
in
Shenzhen,
PRC
under
registration
number
440301103089448
AWV
The German Foreign Trade
wirtschaftsverordnung)
BaFin
German Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht)
Bankhaus Neelmeyer
Bankhaus Neelmeyer AG, Am Markt 14–16, 28195 Bremen, Germany,
Fax: +49 421 3603-153
Banking Day(s)
Day(s) on which (i) the banks in Frankfurt am Main, Germany, are
open for settling transactions of the kind envisaged in the Offer Document and (ii) Target2 (or another comparable system) is functioning
BGB
German Civil Code (Bürgerliches Gesetzbuch)
Bidders
AVIC Engineering, Europe Project Management, Europe Technology
and Europe Engineering (together the "Bidders" and each individually
the "Bidder")
and
Payments
Regulation
(Außen-
BMWi
The German Federal Ministry of Economics and Technology
Bright Horizon
Bright Horizon Global Limited, a company incorporated under the law
of British Virgin Islands, with its registered office in 263 Main Street,
Road Town, Tortola, British Virgin Islands, registered in The Registry
of Corporate Affairs of the British Virgin Islands under registration
number 1790393
BVI
British Virgin Islands
Cold Delisting
Termination of the admission to stock exchange trading ex officio,
since there is no liquidity in the share or the public limited company
no longer exists as a security issuer
Competing Offer
Competing public takeover offer to acquire KHD Shares made by a
third party during the Acceptance Period
Competition Act
Turkish Law on Protection of Competition, Law No. 4054 (as amended)
(Rekabetin Korunması Hakkında Kanun)
Contingent Capital
The contingent capital of KHD, as described in Section 6.1
Correction
Correction of the Initial Publication, dated 18 October 2013
Declaration of Acceptance
Written declaration of acceptance of the Offer
Custodian Bank
Custodian bank or an investment services firm at which the KHD
Shares of the respective shareholder are kept
Escrow Account
Jointly owned escrow account at RBI, as described in Section 10.2
Escrow Amount
Amount deposited on the Escrow Account, as described in Section 10.2
Europe Engineering
Europe Engineering Holdings Pte. Ltd., with registered office in
10 Collyer Quay # 27-00, Ocean Financial Centre, Singapore
(049315), registered with ACRA in Singapore under registration number 201314627G
Europe Project Management Pte. Ltd., with registered office in
(049315), registered with ACRA in Singapore under registration number 201324956R
Europe Technology
Europe Technology Investment Pte. Ltd., with registered office in
(049315), registered with ACRA in Singapore under registration number 201324950K
Expected Overall Transaction Costs
Total costs for acquiring all KHD Shares not held by Max Glory on the
basis of the Offer, including the Transaction Costs, stated in Section
10.1
Foreign KHD Shareholders
KHD Shareholders which have their residence, registered office or
customary abode outside of the Federal Republic of Germany
FRS
Singapore Financial Reporting Standards
Further Acquirers of Control
Goldimax, Golden Prosperity, Kaihang, Kairong, AVIC Beijing, AVIC
International, AVIC Holding, AVIC Shenzhen, AVIC and PRC together
Golden Prosperity
Golden Prosperity Group Limited, a company incorporated under the
law of the British Virgin Islands, with its registered office at 263 Main
Street, Road Town, Tortola, British Virgin Islands, registered with The
Registry of Corporate Affairs of the British Virgin Islands under registration number 1751767
Goldimax
Goldimax Group Limited, a company incorporated under the law of the
British Virgin Islands, with its registered office at 263 Main Street,
Road Town, Tortola, British Virgin Islands, registered with The Registry of Corporate Affairs of the British Virgin Islands under registration
number 1762812
HKSE
The Stock Exchange of Hong Kong Limited
HKSE Listing Rules
Rules Governing the Listing of Securities on The Stock Exchange of
Hong Kong Limited
ICBC Asia
Industrial and Commercial Bank of China (Asia) Limited, a company
incorporated under Hong Kong law, with its registered office at 34/F.,
ICBC Tower, 3 Garden Road, Central, Hong Kong
IFRS
International Financial Reporting Standards, as they are to be applied
in the EU
Initial Publication
Publication of the decision to make this Offer, pursuant to Section 10 WpÜG, dated 11 October 2013
Kaihang
Kaihang Industrial Limited, a company incorporated under the law of
the British Virgin Islands, with its registered office at NovaSage
Chambers, P.O. Box 4389, Road Town, Tortola, British Virgin Islands,
registered with The Registry of Corporate Affairs of the British Virgin
Islands under registration number 1616646
Kairong
AVIC International Kairong Limited, a company incorporated under
Hong Kong law, with its registered office at Room 305 3/F Arion
Commercial Centre, 2-12 Queen's Road West, Hong Kong, registered
in the Companies Registry of Hong Kong under registration number
1493834
KHD Group
KHD and its subsidiaries consolidated in its consolidated financial
statements as at 31 December 2012
KHD or Target
KHD Humboldt Wedag International AG, with registered office in Cologne, Colonia-Allee 3, 51067 Cologne, Germany, registered in the
commercial register of the local court of Cologne under HRB 36688
KHD Shareholders
Holders of KHD Shares
KHD Shares
No-par value ordinary bearer shares in KHD
Max Glory
Max Glory Industries Limited, with registered office in Hong Kong,
Room 305, Arion Commercial Centre, 2-12 Queen's Road West,
Hong Kong, registered with the Companies Registry of Hong Kong
under registration number 1532429
Maystar Capital
Maystar Capital Limited, a
British Virgin Islands, with
Road Town, Tortola, British
of Corporate Affairs of the
number 1790390
Offer Condition
The condition to which the Offer is subject
Offer Document
The present offer document
Offer or Takeover Offer
The voluntary public takeover offer described in the Offer Document
Offer Price
Purchase price of EUR 6.45 per KHD Share
Option Agreements
Agreements on mutual option rights entered into between Golden
Prosperity and Mr Yap Lian Seng on 11 October 2013
company incorporated under the law of
its registered office in 263 Main Street,
Virgin Islands, registered in The Registry
British Virgin Islands under registration
Persons Acting in Concert
Persons acting in concert with the Bidders within the meaning of Section 2, para. 5, sentence 1 and 3 WpÜG, as listed in schedule 2 and
schedule 3
PRC
People's Republic of China
RBI
Raiffeisen Bank International AG, Am Stadtpark 9, 1030 Vienna, Austria
RMB
Renminbi, currency of PRC
Reduced Liquidity
The possibly reduced liquidity of the KHD Shares described under Section 15.1
Regular Delisting
Withdrawal of a public limited company from a stock exchange by
revocation of admission to trading, initiated by a resolution of the
general shareholders' meeting
Right to Tender
The right to sell the KHD Shares at the Offer Price to the respective
Bidder pursuant to Section 39c WpÜG
S$
Singapore dollar, currency of Singapore
Selling Shareholders
KHD Shareholders who entered into the Share Purchase Agreements,
listed in Section 5.4
Shareholder Loans
Amount provided to Europe Project Management, Europe Technology
and Europe Engineering by their respective parent companies, Bright
Horizon, Maystar Capital and Westley Global, in each case in form of a
shareholder loan (in each case individually a "Shareholder Loan"
and together the "Shareholder Loans")
Share Purchase Agreements
Purchase and transfer agreements entered into with the Selling
Shareholders on 11 October 2013 regarding the acquisition of KHD
Shares
Squeeze-out
Squeeze-out of the minority shareholders by a majority shareholder
pursuant to Sections 327a et seqq. AktG or pursuant to Section 39a
WpÜG
Subsequently Tendered
KHD Shares
KHD Shares tendered for sale by KHD Shareholders within the Additional Acceptance Period, which, subject to any further re-booking,
have been re-booked in time to ISIN DE000A1YDET2 (WKN A1Y DET)
Takeover Offer or Offer
The voluntary public takeover offer described in the Offer Document
Target2
Trans-European Automated
Transfer System
Target or KHD
KHD Humboldt Wedag International AG, with registered office in Cologne, Colonia-Allee 3, 51067 Cologne, Germany, registered in the
commercial register of the local court of Cologne under HRB 36688
Tender Period
The three-month period after the end of the Acceptance Period pursuant to Section 39c para. 1 WpÜG
Tendered KHD Shares
KHD Shares tendered for sale within the Acceptance Period which are
included in the Declaration of Acceptance and are timely re-booked to
ISIN DE000A1YDES4 (WKN A1Y DES)
Transaction Costs
Transaction costs to be incurred by the Bidders in connection with the
Offer, as stated in Section 10.1
UmwG
German Transformation Act (Umwandlungsgesetz)
UAE
United Arab Emirates
Real-time
Gross
Settlement
Express
USA
United States of America
Voting Agreement
Voting agreement entered into between Max Glory, AVIC Engineering,
Europe Project Management, Europe Technology and Europe Engineering on 11 October 2013
Westley Global
Westley Global Group Limited, a company incorporated under the law
of British Virgin Islands, with its registered office in 263 Main Street,
Road Town, Tortola, British Virgin Islands, registered in The Registry
of Corporate Affairs of the British Virgin Islands under registration
number 1790389
WpHG
German Securities Trading Act (Wertpapierhandelsgesetz)
WpÜG
German Securities Acquisition and Takeover Act (Wertpapiererwerbsund Übernahmegesetz)
WpÜG Offer Regulation
Regulation on the Content of the Offer Document, Consideration for
Takeover Offers and Mandatory Offers and the Release from the Obligation to Publish and Issue an Offer (Verordnung über den Inhalt der
Angebotsunterlage, die Gegenleistung bei Übernahmeangeboten und
Pflichtangeboten und die Befreiung von der Verpflichtung zur Veröffentlichung und zur Abgabe eines Angebots)

OFFER DOCUMENT - KHD Humboldt Wedag

Transcription

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